Feb 2023
Conyers advised on the Bermuda law aspects of the sale of Goshawk Management Limited and its subsidiaries and associated assets from NWS Holdings Limited and Chow Tai Fook Enterprises Limited to SMBC Aviation Capital Limited (SMBC AC) for an enterprise value of US$6.7 billion.
Following completion of this transaction, the combined business now has a portfolio of over 700 owned and managed aircraft and additional orders from Boeing and Airbus comprised exclusively of over 240 new technology narrowbody aircraft. The combined business becomes the second largest leasing company (by number of aircraft) globally. The transaction was originally announced in May 2022 and completed in December 2022.
Jason Piney of Conyers’ Bermuda office advised on the matter working alongside Clifford Chance who represented Goshawk Aviation Limited (as seller), NWS Holdings and Chow Tai Fook Enterprises (each as seller’s guarantor).