Eversheds Sutherland advised Italian state-owned airline on its leasing arrangements for four Airbus A350-900s with ALAFCO DAC
02 febbraio 2021
Eversheds Sutherland advised ITA Airways, the Italian state-owned airline, in negotiating and finalising the leasing arrangements for four Airbus A350-900s worth $1.27bn.
The Eversheds Sutherland team was led by Partner Umberto Mauro, Head of the Banking & Finance department in Italy, and Sindhura Swaminathan, Head of the Banking & Finance department in Paris.
The arrangement between ITA Airways and ALAFCO DAC, the Irish subsidiary of the Aviation Lease and Finance Company (ALAFCO), an aircraft rental company based in Kuwait, also represents a significant development in ITA Airways’ strategy, which focuses on building a new environmentally-friendly fleet.
The Eversheds Sutherland team was led by Partner Umberto Mauro, Head of the Banking & Finance department in Italy, and Sindhura Swaminathan, Head of the Banking & Finance department in Paris.
Sindhura Swaminathan commented:
“It was a wonderful experience to help support ITA Airways during the complex and extremely interesting negotiations. Thank you ITA Airways for allowing us to be a part of this.”
Umberto Mauro commented:
“I trust that this transaction will be the first of a long series of aviation finance deals aimed at helping ITA Airways to create a renewed and sustainable fleet.”
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