Airfinance Journal Latin America 2019

Bank of Communications Financial Leasing Co., Ltd (“Bocomm Leasing”) is a wholly owned subsidiary of Bank of Communications, the 11th largest bank in the world. It was established in 2007 with a registered capital of USD 1.3B. By the end of 2018, with its total assets of more than USD 33B, Bocomm Leasing is the largest leasing company headquartered in Shanghai and one of the aviation leasing leaders in China. Furthermore, Bocomm Leasing is the first Chinese leasing company which establish professional leasing subsidiary in Chinese free trade zones. Its fleet consists of about 220 aircrafts in service and about 160 aircrafts in backlog. With over USD 11B aircraft assets, it has more than 50 domestic and international well-known aviation customers.
 
Bocomm Leasing can offer both finance and operating lease products. With competitive multi-currency (such as USD, JPY, EURO, RMB) financing tools, we could meet specific customers’requirements via SPVs set up both on-shore and off-shore. Powered by professional and innovative management, Bocomm Leasing is endeavored to provide aviation customers with value-added and tailor-made leasing services.
 
Innovation:

• First lease transaction through SPV established in Shanghai Free Trade Zone (SFTZ);
• First finance lease transaction denominated in JPY by Chinese Leasing company through an offshore SPV;
• First spare engine lease transaction through SPV established in SFTZ;
• First operating lease transaction for Airbus Tianjin assembled A320 through SPV established in Tianjin Free Trade Zone;
• First Chinese leasing company to establish subsidiary.

Company website: https://www.bocommleasing.com/en/index.mvc
 

Engine Lease Finance (ELF) is the world’s leading independent spare engine financing and leasing company, specialising in the provision of flexible short, medium and long-term spare engine support packages for the airline industry. Headquartered in Shannon, Ireland, ELF is a group company of Mitsubishi UFJ Lease & Finance Company Limited ("MUL"), whose shares are wholly owned by MUL. ELF has the financing power and stability to meet the varied needs of airlines and to meet the commercial challenges presented by today’s rapidly changing world markets. ELF has access to extensive funding at favourable rates, therefore ensuring low cost flexible financing for the airline. ELF’s client base includes some of the world’s most established airlines, some of the newest start-ups and many of the seasoned LCCs around the world. The client base also includes several significant MRO providers, airframe lessors and the OEMs.

CFM International (CFM) was formed in 1974 as a 50/50 joint company between GE and Safran Aircraft Engines. Today, CFM is the world’s leading supplier of commercial transport aircraft engines and the best example of a successful international joint venture. Since the first engine was delivered in 1982, CFM has received orders for more than 48,500 CFM56 and LEAP engines from 550 operators worldwide, of which more than 33,000 engines have been delivered. In addition to the highly successful CFM56 product line, CFM introduced the advanced LEAP-1A engine into commercial service on the Airbus A320neo in August 2016. Through March 2018, 16 other airlines taken delivery of a total of more than 160 LEAP-1A-powered aircraft. The engines have performed exceptionally well in commercial service, with many airlines operating up to 11 flights per day and executing 25-minute turn times. To date, the fleet has logged more than 700,000 highly reliable flight hours. In May 2017, the first LEAP-1B-powered Boeing 737 MAX airplane entered commercial service with Malindo Air in Malaysia. A total of 94 aircraft had been delivered to 24 customers by the end of March 2018. A third model, the LEAP-1C, has been undergoing flight tests on the COMAC C919. Two flight-test aircraft have logged more than 60 hours. Overall, CFM has garnered orders and commitments for more than 15,000 LEAP engines. The engine is delivering a 15 percent improvement in fuel efficiency along with significant reductions in noise and emissions signatures. All of this while maintaining CFM’s industryleading reliability and overall cost of ownership. In 2008, with the launch of the LEAP engine, CFM announced that all services offerings for this new product would come from directly from CFM. The organize could also provide support for CFM56 engines, as well. This was done to support customer requests for seamless product sales and support. Since then, the primary focus of CFM Services has been to provide world-class aftermarket products and programs, working with customers to meet their unique, evolving needs from entry-into-service to mid-life through maturity and retirement.

Jackson Square Aviation (JSA) is a full-service commercial aircraft lessor.  We provide a variety of fleet and financial solutions to airlines such as sale and leaseback financing, PDP financing, and new and used aircraft placement from our orderbook and existing fleet. Our experienced, international and professional staff in San Francisco, Dublin, Toulouse, Singapore, Beijing and Lima are committed to meeting airlines’ evolving needs worldwide. Leveraging our extended relationships in the aviation and financial sectors, we offer fleet and capital flexibility vital to airlines’ fleet replacement and expansion. Today our owned, committed and managed fleet exceeds 200 aircraft with 49 leading airlines in 27 countries. JSA is a member of the Mitsubishi UFJ Lease & Finance Company Limited (MUL) group of companies. MUL is a prominent global leasing company based in Japan and publicly listed on the Tokyo and Nagoya Stock Exchanges.

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, and airframe parts management. GECAS owns or services a fleet of more than 1,900 aircraft (1,552 fixed wing/ 350 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~320 aircraft. GECAS serves ~250 customers in over 75 countries from a network of 25 offices. www.gecas.com

Novus is an independent, privately-held aircraft leasing platform, focused on investing, leasing and financing of commercial aircraft assets. Established over 25 years ago, the Novus team operates globally out of six offices in Europe, Asia and the Middle East. The company has an aircraft portfolio under management worth about USD 4 billion.

Company website: www.novus.aero

Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognised aerospace corporation and one of the largest aircraft leasing companies in the world. Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 110 airline customers around the world from its six offices in Dubai, Dublin, Singapore and the US.
 
DAE’s award-winning leasing division DAE Capital has an owned, managed and committed fleet of nearly 400 Airbus, ATR and Boeing aircraft with a fleet value of US$ 14 billion. DAE’s strong capital base, its full-service, best-in-class platform and its three decades of leasing experience allows it to provide customised and comprehensive solutions to airlines to address their fleet ambitions.

Pratt & Whitney, a United Technologies company (NYSE:UTX), is a world leader in the design, manufacture, and service of aircraft engines and auxiliary power units. At Pratt & Whitney, we believe that powered flight has transformed – and will continue to transform – the world. It’s an engine for human progress and an instrument to rise above. That’s why we work with an explorer’s heart and a perfectionist’s grit to design, build, and service the world’s most advanced and unrelenting aircraft engines. We do this as a way of turning the possibilities into realities -- so our customers can connect people, grow economies, and protect the world.

This is our mission, and a challenge to which we rise every day. It’s about more than transporting people reliably to their destinations. It’s about more than providing the care and intelligence to service aircraft expertly. It’s about innovating and engineering a new and exciting future for aviation – one in which the full potential of human progress can be unleashed.  This is how we at Pratt & Whitney approach our work, and this is why we are inspired to go beyond.

Abogados Sierra is the leading aviation law firm in Mexico. The firm’s experience treasures the service rendered to only the best lessors, banks, financiers, airlines and most important aviation related players in the world. The firm’s transactional area has designed, structured and enabled complex cross-border and domestic transactions in Mexico with utmost professionalism and cohesive legal advice. The firm’s litigation area has the most successful experience in the repossession of high value aircraft and other types of equipment, as well as in debt collection. As an example, the firm successfully repossessed approximately 70 commercial aircraft from the insolvent airline Mexicana. The firm has been involved in successful litigation of commercial and civil cases, insolvency procedures, and complex remedies before Mexican courts. The firm’s capacities in the regulatory aspects of aviation law are vast and have involved servicing some of the most reputable air carriers of the world among other related companies and services. The firm provides legal advice to Mexican and foreign entities in all aspects of corporate law, including the configuration of complex corporate and finance structures, advice in foreign investment, tax exposure and liability aspects. The firm assists its clients only in such areas in which it has proven expertise and in which it can deliver the highest quality and the most knowledgeable advice.

 

Holland & Knight’s Aircraft Finance Team has earned an international reputation for transactional work involving the domestic and cross-border acquisition, financing and leasing of aircraft, engines and spare parts. Our lawyers have completed hundreds of aircraft acquisition, financing, leasing and restructuring transactions on behalf of the world’s leading leasing companies, financial institutions, manufacturers and airlines. Our team’s presence across offices in multiple time zones ensures clients that coverage is timely, responsive and serves their best interests. Holland & Knight is a global law firm with more than 1,300 attorneys in 28 offices in the United States, Latin America and the United Kingdom.

We have been building our history for more than 45 years, inspired by sound ethical principles, the technical skills of our professionals, and a close relationship with our clients. We are ranked as one of the major law firms in Brazil, with over 700 professionals. From our chosen focus on Business, we use our legal potential to continuously look for innovative solutions, anticipating scenarios and making business possible.  Integrating solutions that combine expertise in various areas of law. Broad knowledge of legislation and a thorough understanding of business, which go beyond simple problem-solving to create and preserve value for companies. We work tenaciously to offer intelligent legal solutions that contribute to the business growth of our clients and transform realities.
 

 
Parra Rodríguez is a dynamic team of attorneys assisting clients through a pragmatic, efficient and proactive approach to resolving their business needs while also protecting their interests and reputation.
 
In the last 30 years, the firm has established itself as a specialist in finance and banking, tax, corporate law, mergers and acquisitions, foreign exchange, labour, immigration, aeronautics, litigation and intellectual property.
 
Parra Rodriguez has longstanding and successful relationships with top-tier local and multinational clients across a wide range of industries.
 
Specialization, innovative vision, pragmatism, a broad network of relationships, expertise in international transactions and respect for the law and institutions constitute the identity of our firm.