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Vasil Kisil & Partners Advises AWAS on Aircraft Sale and Lease

Ukraine
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Vasil Kisil & Partners has acted as a legal advisor to AWAS, one of the world’s largest aircraft lessors, in connection with the execution of a large-scale agreement for sale to KAHALA of a portfolio of 30 aircraft worth over USD 260 million that have been leased to 16 airlines in 14 countries worldwide.

Vasil Kisil & Partners advised AWAS, the financing banks, and other involved parties on all Ukrainian law matters of the transaction, including corporate and contractual structuring matters, aviation regulations, customs, tax, insurance, currency control, etc. Vasil Kisil & Partners lawyers also provided legal support in the applicability of the Cape Town Convention and international aircraft sale and lease practices in Ukraine. The firm’s lawyers also assisted in the negotiation and execution of the novation agreement pertaining to the aircraft operating lease agreement between AWAS and Ukrainian airlines.

Anna Sisetska, Counsel with Vasil Kisil & Partners, who led the project, said: “The key objectives of this project were to ensure the continuing operation of the aircraft in course of the transaction by the Ukrainian aircraft operator and protect international interests of the aircraft owners and creditors in accordance with the Cape Town Convention, whose practical application still raises certain issues with the State Aviation Authority of Ukraine. We are glad to inform you that VKP’s team has effectively accomplished the client’s objectives.”

In addition to Sisetska, the Vasil Kisil & Partners project team included Partner Alexander Borodkin and Associate Roman Riabenko.

Image Source: awas.com

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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