Vedder Price is pleased to announce that it represents Macquarie AirFinance in connection with the acquisition of an additional portfolio of 23 aircraft from ALAFCO Aviation Lease and Finance Company K.S.C.P.

This is in addition to representing Macquarie AirFinance in relation to its existing agreement with ALAFCO to purchase 52 aircraft, taking the total number of aircraft that Macquarie AirFinance intends to acquire from ALAFCO to 75.

This additional portfolio is currently leased to 10 airlines located in nine countries. It consists of predominantly new technology commercial passenger aircraft and will help expedite Macquarie AirFinance’s fleet transition to newer technology through the addition of more fuel-efficient models to lower the average carbon emissions intensity of its overall fleet. Completion of the transaction is expected in Q2 2024.

“This is a strategic transaction for Macquarie AirFinance that will be very impactful in both the near and long-term future,” said Geoff Kass, Shareholder and Chair of Vedder Price’s Global Transportation Finance team. “We are very pleased to assist them in this matter, and look forward to future collaborations.”

The Vedder Price legal team on the transaction includes Shareholders Geoff Kass, Cameron Gee and Justine Chilvers, Partner John Pearson and Solicitor Josh Alexander.