YEARBOOK & DIRECTORY

The Yearbook & Directory of Ireland's international financial services industry
Friday, 23rd July 2021

Flynn O'Driscoll LLP

Practice Area: Aviation & Asset Finance [Aviation/Asset Finance]

Profile: The Flynn O'Driscoll LLP Aviation and Asset Finance Team was founded by Chairman Patrick Flynn over twelve years ago, and now headed up by Managing Partner James Duggan, has successfully developed very strong links across the Aviation and Transportation sectors, both internationally and domestically.

We have acted as lead transaction counsel and as Irish counsel to international law firms on a full range of financing structures including international cross-border aircraft purchase, sale lease and finance transactions and, through this, have developed strong working relationships with law firms with whom we have worked together and against in many jurisdictions.
Services:
  • Sale lease and finance transaction
  • International cross-border aircraft purchase
Deals: Description of Transaction: Acting on behalf of the Purchaser in connection with the purchase and lease (novation) of four (4) used Airbus A321-211 aircraft.
Jurisdictions and Parties Involved: Seller (Ireland), Purchaser(Ireland), Lessee (Poland)
Value: Approximately US$81 million

Description of Transaction: Acting on behalf of the seller in connection with the sale and leaseback of five (5) Airbus A320-214 aircraft.
Jurisdictions and Parties Involved: Seller (Ireland), Purchaser (China/Ireland), Lessee (Ireland), Sub-Lessee (Russia)
Value: Approximately US$231 million

Description of Transaction: Acting on behalf of the seller in connection with the sale of two (2) Boeing B737-800 aircraft.
Jurisdictions and Parties Involved: Seller (Ireland), Purchaser (Germany)
Value: Approximately US$88 million

Description of Transaction: Acting on behalf of the purchaser in connection with the purchase and lease of six (6) Embraer E190 aircraft.
Jurisdictions and Parties Involved: Purchaser (Ireland), Sellers (Ireland/USA), Lessee (1) (Kazakhstan), Lessee (2) (Mexico), Lessee (3) (UK)
Value: Approximately US$119 million

Description of Transaction: Acting on behalf of the Purchaser in connection with the purchase and lease of five (5) Embraer E190 aircraft.
Jurisdictions and Parties Involved: Purchaser (Ireland), Seller (Ireland), Lessee (1) (France), Lessee (2) (China)
Value: Approximately US$90 million

Description of Transaction: Acting on behalf of the purchaser in connection with the purchase and lease of two (2) Airbus A 320-214 aircraft
Jurisdictions and Parties Involved: Purchaser (Ireland), Seller (Australia), Lessee (UK)
Value: Approximately US$59 million

Advisers


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Duggan, James


Firm: Flynn O'Driscoll LLP
Position: Managing Partner
Address: No. 1 Grants Row, Mount Street Lower, Dublin 2, D02 HX96,
Phone: +353 1 642 4252
Email: jamesduggan@fod.ie
Personal URL: https://fod.ie/people/james-d-duggan/

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McDermott, Claire


Firm: Flynn O'Driscoll LLP
Position: Senior Associate
Address: No. 1 Grants Row, Mount Street Lower, Dublin 2, D02 HX96,
Phone: +353 1 642 4259
Email: clairemcdermott@fod.ie
Personal URL: https://fod.ie/people/claire-mcdermott/