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Sulija Partners Law Firm Vilnius and Allen & Overy Advise on Sale of Airbus A320 Aircraft with Lease Attached

Sulija Partners Law Firm Vilnius and Allen & Overy Advise on Sale of Airbus A320 Aircraft with Lease Attached

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Sulija Partners Law Firm Vilnius has assisted AB AviaAM Leasing, a Warsaw Stock Exchange-listed global aviation holding company, with the sale of four Airbus A320 aircraft to a subsidiary of GTLK Europe, an Ireland-based international leasing company. Allen & Overy Moscow advised GTLK Europe on the deal.

The four aircraft are on lease to Small Planet Airlines, a European leisure carrier, and Sulija Partners Law Firm Vilnius also advised AB AviaAM Leasing and Small Planet Airlines on the lease novation transactions with the new owner.

Tadas Goberis, the Chairman of the Board and CEO of AB AviaAM Leasing, described the deal as “a splendid end of one of many voluminous projects.”

The Sulija Partners Law Firm Vilnius team advising AB AviaAM Leasing and Small Planet Airlines on the transaction was led by Gintautas Sulija and Eduard Plesak. Small Planet Airlines was also supported by its in-house legal team.

The Allen & Overy team advising GTLK Europe was led by Head of Asset Finance in Russia, Ilya Dvorkin, working with Associate Vadim Turtsev.

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