Cobalt, working with lead counsel McCann FitzGerald, has advised Irish aircraft lessor Genesis on its strategic alliance with Heston Aviation to create Heston Airlines. Averus reportedly advised Heston Aviation on the deal, which also included the leasing of a number of A320 aircraft.
According to Cobalt, Heston Airlines will be a new Lithuanian-based charter and aircraft, crew, maintenance, and insurance service provider, offering various leasing solutions to airlines. Genesis will work with Heston Airlines to deliver a number of additional A320 aircraft in 2021.
Cobalt’s team included Partner Akvile Bosaite, Senior Associates Lina Aleknaite-van der Molen and Justinas Sileika, and Associates Justina Auzbikaviciene and Andra Gavedaite.
