Eversheds Sutherland advised Italian state-owned airline on its leasing arrangements for four Airbus A350-900s with ALAFCO DAC

Eversheds Sutherland advised Italian state-owned airline on its leasing arrangements for four Airbus A350-900s with ALAFCO DAC

February 02, 2021

France
France
France

Eversheds Sutherland advised ITA Airways, the Italian state-owned airline, in negotiating and finalising the leasing arrangements for four Airbus A350-900s worth $1.27bn.
 
The arrangement between ITA Airways and ALAFCO DAC, the Irish subsidiary of the Aviation Lease and Finance Company (ALAFCO), an aircraft rental company based in Kuwait, also represents a significant development in ITA Airways’ strategy, which focuses on building a new environmentally-friendly fleet.

The Eversheds Sutherland team was led by Partner Umberto Mauro, Head of the Banking & Finance department in Italy, and Sindhura Swaminathan, Head of the Banking & Finance department in Paris.
 
Sindhura Swaminathan commented:
 
“It was a wonderful experience to help support ITA Airways during the complex and extremely interesting negotiations. Thank you ITA Airways for allowing us to be a part of this.”
 
Umberto Mauro commented:
 
“I trust that this transaction will be the first of a long series of aviation finance deals aimed at helping ITA Airways to create a renewed and sustainable fleet.”

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.

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Key contacts

umbertomauro@eversheds-sutherland.it

Umberto Mauro

Partner

Milan, Italy

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