TGS Baltic represented both Aircastle Limited and Aero Capital Solutions Inc.on the sale and leveraged purchase of two aircraft registered in Lithuania and leased to an air carrier operating in Lithuania.
According to TGS Baltic, "Aircastle Limited is a global company that acquires and leases high-utility commercial jet aircraft to customers throughout the world," and "Aero Capital Solutions Inc. is a leading mid-life aircraft leasing and trading company."
Aero Capital Solutions Inc. acquired the two aircraft from Aircastle Limited. The transaction included not only the sale and leveraged purchase of the two aircraft but also the novation of lease agreements as the aircraft were sold with a lease attached.
The TGS Baltic team was led by Associate Donatas Sliora.
Editor's Note: After this article was published, the Sulija Partners Law Firm Vilnius informed CEE Legal Matters that its client, Lithuanian air carrier Small Planet Airlines UAB, had leased the two aircraft from Aero Capital Solutions. A Sulija Partners team led by Managing Partner Gintautas Sulija represented Small Planet Airlines on the deal and on lease novation legal matters.