Walkers advises Aircraft Leasing & Management Limited on Aircraft Transaction

Walkers (London) has acted as counsel for Aircraft Leasing & Management Limited, a subsidiary company of the ACIA Aero Leasing group ("ACIA Aero"), in relation to the lease of two ATR 72-600 aircraft to Bestfly Aircraft Management Limitada ("Bestfly"), a diverse aviation group based in Angola.

ACIA Aero owns over 50 regional aircraft and provides aircraft leasing and lease management services worldwide to both passenger and freight lessees.

ACIA Aero focuses on regional aircraft leasing, in addition to offering sale and leaseback, and operating lease management services.

The ATR 72-600, a regional turboprop, joins the fleet of Bestfly, to complement a range of operations, including ground handling, aircraft management and charter, as well as helicopter off-shore services to the oil and gas industry.

Bestfly has recently been awarded a flight support contract by Exxon Mobil in Angola and anticipates further contract wins in the coming months.

Partner Neil McDonald, led the Walkers London team which acted as counsel to Aircraft Leasing & Management, and was assisted by associate Thomas Mawson.

Mr McDonald commented that Walkers had been "delighted to support Aircraft Leasing & Management on this transaction which shows, in particular, the ability of well-placed operators in the aviation market to continue to expand, despite current global circumstances."

The Walkers' team was instructed by K&L Gates LLP.