Clifford Chance advises China Aircraft Leasing on transfer of its 64 aircraft Boeing delivery pipeline to Dubai Aerospace Enterprise

15 August 2023

Riaz Pirmohamed, Nicholas Rees, Paul Carrington, Lara Attarzadeh, , Niall O'Shea, Harriet Martin, , Tom Masters, Nicola Hemsley, Richard Kalaher, Edward Page,
London, Hong Kong, Dubai

Clifford Chance advises China Aircraft Leasing on transfer of its 64 aircraft Boeing delivery pipeline to Dubai Aerospace Enterprise

Leading international law firm Clifford Chance has advised China Aircraft Leasing Group Holdings Limited (CALC) and its subsidiaries on its agreement to transfer its Boeing delivery pipeline comprising 64 Boeing 737 MAX aircraft to an affiliate of Dubai Aerospace Enterprise.

This strategically important transaction for CALC represents a significant adjustment to its Boeing fleet portfolio in order to provide increased flexibility in both carrying out its existing operations and in developing its long-term strategy in response to evolving aviation industry dynamics. The transaction is expected to complete in the third quarter of 2023. Listed on the Hong Kong Stock Exchange, CALC is a full value chain aircraft solutions provider for the aviation industry.

The Clifford Chance team was led by Corporate partners Riaz Pirmohamed and Nicholas Rees and aviation finance partner Paul Carrington. They were supported by senior associates Lara Attarzadeh, Meldah Pilusa, Niall O'Shea and Harriet Martin, and associates Isabella Risino and Tom Masters. Partners Nicola Hemsley and Richard Kalaher, Director Edward Page and associate Adam Kania advised on the Tax aspects of the transaction.