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Clifford Chance

Zarrar Sehgal

Zarrar Sehgal

Partner

Partner
Zarrar Sehgal

Zarrar Sehgal is the Head of the Banking & Finance practice in the Americas, Co-Head of the Asset Finance Practice and Head of Clifford Chance's Global Transport & Logistics sector group. He concentrates his practice on a wide variety of international asset finance transactions, including acquisition financing, leveraged leasing, EETC transactions, secured lending, structured financing, export credit agency-supported financings and credit enhancements. He also has extensive experience representing underwriters and issuers in public offerings and private placement of securities, including portfolio securitizations and debt and equity offerings.

Zarrar has particular expertise in financings involving aircraft and has worked on several of the most significant securitizations and financings in the market, including many transactions that have been awarded 'Deal of the Year' awards from industry publications.

  • Advising 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.
  • Advising BBAM, as seller and servicer, in connection with the issuance by Horizon of a US$612 million asset backed securitization, backed by 29 aircraft on lease to 21 lessees based in 19 countries.
  • Advising Goldman Sachs & Co., the Arranger, on the Apollo Aviation Securitization Equity Trust AASET 2018-1 matter.
  • Advising Deutsche Bank, as lead arranger on Zephyrus' first asset-backed securitization deal; Airfinance Journal Awards 2018: North America Deal of the Year.
  • Advising Wings Capital Partners on the closing of an issuance of US$480 million of fixed rate secured notes by WAVE 2017-1 LLC and WAVE 2017-1 Limited. The proceeds from the issuance of the Notes were used by WAVE to acquire a portfolio of 19 Airbus and Boeing jet aircraft; Airfinance Journal Awards 2018: Overall Capital Markets Deal of the Year.
  • Advising Aergo Capital on its first asset backed securitization deal, METAL 2017-1, which is secured on a portfolio of 26 aircraft. Our advice related to the issuance of debt and equity securities and the associated acquisition of aircraft; Ishka Awards 2017: Best Capital Markets Deal.
  • Advising Avolon Aerospace Leasing Limited on the closing of an issuance of US$768 million of fixed rate secured notes by Sapphire Aviation Finance I Limited and Sapphire Aviation Finance I (US) LLC. The proceeds from the issuance of the Notes were used by the issuers to acquire a portfolio of 41 aircraft on lease to a diversified pool of 30 customers in 19 countries.
  • Advising BOC Aviation in connection with their US$500 million asset backed securitization, backed by 24 aircraft to be acquired from BOC Aviation by Shenton Aircraft Investment I Ltd. and affiliates; Airfinance Journal Awards 2016: Capital Markets-ABS Deal of the Year.
  • Advising Avolon Holdings Limited in its US$10.38 billion acquisition of the aircraft leasing business of CIT Group.
  • Advising KDAC Aviation Finance (Cayman) Limited, KDAC Aviation Finance (USA) LLC and DVB Bank SE, London Branch on an issuance of US$722.5 million of fixed rate secured notes.

Contact details

Career and qualifications

  • Georgetown University Law Center (JD) 1997
  • Admitted as an Attorney-at-Law in New York 1998
  • Joined Clifford Chance as a Partner 2006

Awards and citations

  • Mr. Sehgal is listed as a “Leading Lawyer” in Transport: Aviation and Air Travel Finance by Legal 500 USA and is included in Legal 500's Hall of Fame. Mr. Sehgal was also named as one of the fifteen “Rising Stars” by Airfinance Journal in 2005.
    Chambers Global 2019 - Transportation: Aviation Finance
    Chambers USA 2019 - Transportation: Aviation Finance, Nationwide
  • Zarrar Sehgal has been ranked as Band 1 in Chambers USA – Transportation: Aviation – Finance, Nationwide. Zarrar Sehgal advises prominent lessors and financiers on key securitizations and note issuances. He is appreciated by clients as "a very experienced senior attorney who is also actively involved and hands-on in transactions."
    Chambers USA 2019 - Transportation: Aviation Finance, Nationwide