Clifford Chance

Clifford Chance advises New World and Chow Tai Fook on US$600 million commercial aircraft leasing joint venture

Leading international law firm Clifford Chance advised New World Development's subsidiary NWS Holdings Limited and Chow Tai Fook Enterprises Limited on a joint venture with US aircraft leasing company Aviation Capital Group Corp. to form Bauhinia Aviation Capital Limited.

The joint venture's initial capital commitment of US$600 million will be used to build a portfolio of approximately 50 commercial aircraft.

Partner Cherry Chan led the team, supported by partner Paul Greenwell, associates Ervin Chan, Rae Guo and Benjamin Fisher.

Cherry said, "We advised New World on its debut investment into the aviation sector last year with Goshawk Aviation, so the team is delighted to assist the group again with this new platform. This deal allowed our top teams in M&A and aviation finance to collaborate on this significant investment."