The past decade has been a difficult one for the aviation industry. Enhanced security requirements, rising fuel costs, environmental concerns, aging fleets that require replacement, and frequent labor disputes have all conspired to squeeze margins, cause bankruptcies, or prompt consolidation. Corporate aviation is subject to these same pressures, with the additional challenge that the down economy and public opinion have conspired to dampen the market for private planes, pushing down prices for general aviation aircraft.

Lawyers in McGuireWoods’ aviation practice have broad experience in the aviation industry. We represent equity investors, lenders, agents, lessors, lessees, and borrowers in aircraft financing transactions, purchasers and sellers of general aviation and commercial aircraft and engines, general aviation aircraft owners, commercial airlines, and aircraft and engine manufacturers.

We assist our aviation clients in the following areas:

  • Acquisitions and sales of portfolios of leases and loans, as well as individual transactions
  • Purchases and sales of general aviation and commercial aircraft and engines
  • Financing transactions:
    • domestic and cross-border leveraged leases
    • capital, operating, synthetic and true leases
    • loans in syndicated and single-investor structures
    • progress payment financing
  • Structuring ownership and use of general aviation aircraft to comply with the Federal Aviation Regulations
  • Management and pilot services agreements for general aviation aircraft
  • Tax advice related to sales and use taxes and federal excise tax
  • Restructuring and insolvency issues, including foreclosures, disputes and repossessions
  • Public affairs
  • Export of aircraft and engines abroad

Experience

  • REPRESENTATIVE MATTER

    Walker Aviation

    Representation of Walker Aviation on its buy-out from Walker Steel as part of the sale of Walker Steel to British Steel, at that time, at circa £300 million, the largest private company sale in the UK.

  • REPRESENTATIVE MATTER

    US Airways Group, Inc.

    Representation of US Airways Group, Inc. as Chapter 11 debtor.

  • REPRESENTATIVE MATTER

    Purchasers and sellers

    Regularly represent purchasers and sellers in connection with purchases and sales of corporate aircraft.

  • REPRESENTATIVE MATTER

    Major aircraft manufacturer

    Represented major aircraft manufacturer with regard to aircraft leases in Abu Dhabi.

  • REPRESENTATIVE MATTER

    Lessor company

    Represent lessor in connection with single investor tax leases for corporate aircraft.

Team Leaders

Full Team
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