26 June, 2017 Chile

PPU and Del Rio Izquierdo steer China Chile aircraft lease

Banking, Finance and Capital Markets

Philippi Prietocarrizosa Ferrero DU & Uría (Chile) in Santiago have helped China Development Bank Aviation Lease Finance (CDBALF) lease three new aircraft to Chilean airline Jetsmart.

Jetsmart, set up in 2016, sought counsel from Del Rio Izquierdo Abogados and Alessandri in Santiago. The first of the Airbus A320 aircraft was delivered on 14 June.

It is thought Clifford Chance LLP provided New York counsel to CDBALF, but this could not be confirmed prior to publication.

PPU partner Daniel Parodi says the lease sets a precedent in the Chilean aeronautical industry. “Commonly, new competitors come in with used aircraft. Jetsmart will begin operations in Chile with brand new aircraft and state of the art technology,” he says.

Counsel to CDBALF

Philippi Prietocarrizosa Ferrero DU & Uría (Chile)
Partner Marcelo Armas, and associates Daniel Parodi and Benjamín Cuevas in Santiago

Counsel to Jetsmart

Alessandri

Del Rio Izquierdo Abogados

Associate Francisco Prat in Santiago

Source: Latin Lawyer

Link to publication