ORIX Aviation—a subsidiary of leading Japanese financial services group ORIX Corp.—has turned to Pillsbury for guidance on its high profile agreement to purchase a 30% stake in Avolon Holdings Ltd. The $2.2 billion transaction is expected to close in the fourth quarter of 2018.
ORIX’s investment in Avolon strengthen the company’s existing presence in the global aircraft leasing market substantially at a time when aircraft demand is projected to rise. ORIX currently owns and manages just over 200 aircraft while Dublin-based Avolon—the third largest aircraft lessor in the world—operates a portfolio of nearly 900 owned, managed and committed aircraft.
Hong Kong office managing partner Paul Jebely led the Pillsbury team advising ORIX, which included partner Jonathan Goldstein, Senior Associate Eugene Yeung, associate Luca Denora and others.
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