Freshfields advised Dubai Aerospace Enterprise on its acquisition of Sky Fund I Irish
The transaction is expected to complete in the fourth quarter of this year
By : Legal Era
Update: 2022-10-06 12:00 GMT
Freshfields advised Dubai Aerospace Enterprise on its acquisition of Sky Fund I Irish
The transaction is expected to complete in the fourth quarter of this year
International law firm Freshfields Bruckhaus Deringer is advising Dubai Aerospace Enterprise (DAE) on its acquisition of the entire issued share capital of Sky Fund I Irish Ltd and its subsidiary Sky Fund I.
After regulatory approvals, Sky Fund I is committed to owning 36 aircraft on lease to 14 airline customers in 11 countries.
DAE is a globally recognized aviation services corporation with two divisions - DAE Capital and DAE Engineering. Headquartered in Dubai, United Arab Emirates, it serves over 170 airline customers in over 65 countries.
After the completion of the transaction, it will provide six new airline customers for DAE and increase the proportion of new technology assets in its portfolio.
The cross-border Freshfields team is being led by Paul Humphreys in New York and Ziyad Nassif and Holly Baker in London. While antitrust advice is provided by Mary Lehner, Aimen Mir, Charles Ramsey, and Tom Morgan, sanction advice is given by Nabeel Yousef. The finance advice is being provided by Kyle Lakin and the tax advice is by Robert Scarborough.