Double win for Walkers (Dubai) at Airline Economics Aviation Awards 2017

Walkers advised on two MEA deals recognised at the recent Airline Economics Growth Frontiers - Aviation 100 Awards (MEA) held in Dubai. The awards celebrate excellence in the Middle Eastern and African aviation industry.

Walkers acted as Cayman Islands legal counsel on the "Middle East & Africa Lease Deal of the Year" which was awarded to Veling in connection with the sale-leaseback of one A380 to Emirates. Walkers Fiduciary Limited provided directorship / share trustee services to the Cayman SPVs.

International Airfinance Corporation (IAFC) took home the award for "Middle East & Africa Islamic Structured Finance Deal of the Year" in connection with its lease of 50 Airbus aircraft to Saudi Arabian Airlines. Walkers acted as Cayman Islands legal counsel to IAFC, again working alongside Walkers Fiduciary Limited which provided directorship / share trustee services to the Cayman SPVs.

Ciaran Bohnacker, partner in Walkers' Dubai office noted: "2017 has been, and continues to be, another busy year for Walkers' aircraft finance team in Dubai. We are delighted that we have been instructed on a number of high profile transactions. Many congratulations to our clients Veling Limited and IAFC for winning the awards."

Walkers provides fully-integrated Cayman Islands legal and fiduciary services to our international client base, effectively offering a “one stop shop” for our clients and a wide range of options for structuring financial services transactions.