Aircraft finance

BOYANOV & Co. has extensive experience in aircraft finance. In this area, our lawyers are recognized for their expertise, pragmatism, and efficiency.

We provide legal support to:

• international aircraft operating lessors on commercial, regulatory and tax aspects of aircraft and engines leasing to Bulgarian airlines;

• aircraft owners on the sale of aircraft and associated lease arrangements;

• banks, security trustees, and other financing institutions on aircraft-related loan arrangements and granting of security interests for aircraft and aircraft leases;

• airlines on corporate and regulatory matters; and

• creditors of insolvent airlines.

The firm provides advisory services on local legal issues arising from all types of aircraft-related transactions, including significant international aircraft financing. Based on its profound legal knowledge and devoted and innovative approach, the Boyanov & Co. team successfully assists its clients in the process of overcoming the legal challenges on the aviation market and achieving their business goals in a time- and cost-efficient manner.

Our services include:

• developing letters of intent, memoranda of understanding, and term sheets;

• negotiating and advising on operating leases, finance leases, and related corporate guaranties;

• reviewing and advising on aircraft procurement and sale arrangements;

• advising on engine swaps and pooling arrangements;

• providing support for the improvement of foreign law security interests (such as aircraft mortgages, security assignments in aircraft leases, etc.);

• working on the establishment of local law security interests (such as aircraft pledges and registered pledges on lease receivables) and advising on their foreclosure;

• representing clients before the Civil Aviation Administration of the Republic of Bulgaria in relation to the improvement of security interests and/or ensuring compliance with relevant regulatory requirements;

• providing legal opinions envisaged by transaction documents for the benefit of aircraft lessors, sellers, or lenders;

• providing advice and supporting negotiations on settlements of disputes with Bulgarian airlines under effective aircraft leases;

• assisting on the prompt repossession of aircraft by their owners; and

• filing for relief under applicable double taxation treaties on behalf of aircraft lessors or lenders.