LAWFUEL – Legal news, Legal Jobs network – Lovells’ client Natexis Banques Populaires has been awarded the Transport Finance Middle East Leasing Deal of the Year at the annual Transport Finance Awards for its US$90 million optimised French tax lease.
We advised Natixis on the French tax based lease with a US$/€ currency swap providing THY Turkish Airlines with a US$ fixed rate finance lease on two Airbus A321 aircraft worth approximately $45 million each.
Lovells in London, Paris and New York also acted for Natixis in the creation of Natexis Transport Finance which is a refinancing vehicle set up to hold all of Natexis’ Export Finance and Aircraft portfolio.
The financing structure is proprietary but the deal itself, and our involvement in it, is public knowledge. For further information please contact Robin Hallam.