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Clifford Chance

Clifford Chance
Asena May

Asena May

Associate

Associate
Asena May

She has experience advising lenders, borrowers and airlines in a wide variety of aircraft finance matters, including secured loans, operating leases and aircraft portfolio securitizations. Between February 2020 and February 2021, Ms. May was on client secondment with GE Capital Aviation Services LLP.

  • Sculptor Capital Management, Inc., on its second structured ABS financing, SOLRR 2021-1,
    totaling US$706.5 million of asset-backed debt, to finance a diversified portfolio of 22
    commercial passenger aircraft on operating leases with 10 lessees in 8 countries
  • Castlelake on the refinancing of the Castlelake Aircraft Structured Trust 2017-1 transaction
    (CLAS 2017-1R), whereby the issuer issued US$450 million of notes
  • Castlelake on its seventh structured ABS financing, Castlelake Aircraft Structured Trust 2021-1 (CLAS 2021-1), totaling US$595 million of asset-backed debt, to finance a diversified portfolio of 26 commercial passenger aircraft and one freighter on operating leases with 11 different lessees in 10 different countries.
  • KKR in the acquisition of CIT's US$800 million aviation loan portfolio and establishment of KKR's lending platform.
  • GECAS and GE Equity on the joint venture arrangement involving PIMCO to create an aviation leasing platform to support up to US$3 billion in aircraft asset financings. The joint venture closed on a warehouse credit facility in the amount of US$1 billion to finance the acquisition of aircraft to begin the initial phase of full implementation of the joint venture.
  • Sculptor Capital Management, Inc. on its structured ABS financing, Lunar Aircraft 2020-1, totaling US$409 million of asset-backed debt, to finance a diversified portfolio of 18 commercial passenger aircraft.
  • BNP Paribas, Citibank, N.A., Commonwealth Bank of Australia and Deutsche Bank, as mandated lead arrangers and underwriting banks, on the US$575 million and US$695 million acquisition financings for Flying Leasing Limited and Incline B Aviation Limited Partnership of two portfolios of aircraft from Aviation Capital Limited and Air Asia Berhad; AirFinance Journal’s 2018 North America Deal of the Year.
  • Dubai Aerospace Enterprise (DAE) Ltd, as seller and servicer, on the issuance of their US$380 million asset backed securitization, backed by 18 aircraft leased to 15 lessees based in 13 countries.
  • GE Capital Aviation Services in connection with its servicing and sale of a portfolio of aircraft to Start III Ltd., financed through an asset-backed securitization involving a rule 144A/Reg S equity certificate issuance, backed by 20 aircraft leased to 17 lessees based in 14 countries.
  • GE Capital Aviation Services in connection with its servicing and sale of a portfolio of aircraft to Start II Ltd., financed through an asset-backed securitization involving a rule 144A/Reg S equity certificate issuance, the second such transaction in the STARR series of deals, backed by 20 aircraft leased to 13 lessees based in 11 countries.
  • GE Capital Aviation Services in connection with its servicing and sale of a portfolio of aircraft to Start Ltd., financed through an asset-backed securitization involving a first-of-its-kind for aircraft ABS Rule 144A E-note issuance; AirFinance Journal’s 2018 ABS Deal of the Year.
  • British Airways in its issuance of $608,551,000 Series 2018-1 Enhanced Equipment Trust Certificates.
  • Global Jet Capital in connection with the offering of $608,030,000 BJETS Series 2018-1 Secured Notes and $673,600,000 BJETS Series 2018-2 and $900 million warehouse financing.

News and client work

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Contact details

Career and qualifications

  • Claremont McKenna College (BA) 2009
  • New York University (MS) 2012
  • St. John's School of Law (JD) 2017
  • Joined Clifford Chance 2017
  • Admitted as an Attorney-at-Law in New York 2018