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TGS Baltic Represents Aircastle Limited and Aero Capital Solutions Inc. on Aircraft Sale

TGS Baltic Represents Aircastle Limited and Aero Capital Solutions Inc. on Aircraft Sale


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.

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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