Walkers advises on Jeju Air's financing of two new Boeing 737 Max 8

Aug 21, 2025

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We have advised Jeju Air, South Korea’s largest low-cost carrier, on its financing of two new Boeing 737 Max 8 aircraft, supported by a credit insurance policy provided by Itasca MGA and senior debt from MUFG.

Jeju Air continues to grow its fleet through diverse financing strategies, and we are pleased to have supported this first of a kind deal for the airline.

“This transaction marks a major milestone for Jeju Air and we are pleased to have supported them on this deal,” said Kristen Kwok, Finance partner based in our Hong Kong office, “We look forward to continuing our collaboration with Jeju Air and other stakeholders to support the expansion of their forward-looking fleet in the years ahead.”

The Walkers team, led by Finance partner Kristen Kwok and supported by senior counsel Gareth Lond, advised on all Cayman Islands law aspects of the transaction. The Walkers Professional Services team provided fiduciary services led by Gennie Bigord with support from Linval Stewart and Jordan Hebert.

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