International law firm Bird & Bird collected 'Equity Deal of the Year' at the 2020 Airline Economics Aviation 100 Awards in Dublin this week for the 27-aircraft joint venture between CCB Leasing International and Norwegian. The deal has the potential to cut Norwegian’s committed capital expenditure by approximately $1.5 billion. It is the first joint venture between an airline and a leasing company.
A Bird & Bird team led by London finance partner Richard Sharman advised CCBLI on the deal and was supported by corporate partner Clive Hopewell and corporate counsel Nicholas Heap.
Richard said "We are very happy that this transaction was awarded Equity Deal of the Year at the 2020 Airline Economics Aviation 100 Awards. This showcases our ability to manage highly complex and challenging transactions."