Tuesday 29 September 2020

Top Aviation Finance Law Firms in London

 Silver Oak Capital has built many long standing relationships based on trust with most of the top aviation finance law firms in London. One of the most important elements with any aircraft transaction is to ensure a legal team is in place with the relevant experience. There are numerous areas to consider when funding a new aircraft but one of the most important is regarding the finance. Having a strong working relationship with the clients legal team will also ensure the process runs quickly and efficiently. Whether the client wants to purchase the aircraft using an operating lease or a finance lease - the legal team and the finance team (Silver Oak Capital) will need to have sufficient knowledge of both these methods to ensure the debt is facilitated in a timely and proper manner.

Most of the UK aviation finance law firms have offices in most of the major cities in the world such as New York, Paris, Dubai, Mumbai, Hong Kong, Shanghai and Singapore. They will also have representations in major tax jurisdictions which is where the aircraft are usually registered - these include Guernsey, Isle of Man, British Virgin Islands, Malta, Mauritius and the Cayman Islands. We have often worked closely with Law Firms as opposed to clients - where we have been approached by the legal team instead of the borrower to assist with the introduction of a large European or United States-based bank. There are also numerous occasions where the client prefers to have a broker handle the debt application process on their behalf as this frees up time for regular business activities. 

Often the aircraft mortgage is required by a corporate instead of a wealthy individual. This would be the case for a large multi-national company with a need for top executives to travel between countries to visit with their respective offices. The second hand aircraft market is the most active as there is a huge demand for used aircraft as most of these assets have a long operating life. Therefore having a professional operator in place who will maintain and manage the aircraft is essential. We can also arrange for an aircraft search company with connections to this second hand market to offer various options to purchase. We also work with the largest and most important aircraft manufacturing companies globally such as Airbus, Boeing, Bombardier and Embraer. 

We also have good relations with engine manufacturers such as HoneyWell and Rolls Royce. Likewise for engine insurance companies. Prices range for used aircraft from $10m USD to $100m USD for brand new aircraft. The rule of thumb for cost of operating the aircraft is roughly 10% of the purchase price per year taking into account marginal gains. We will guide you through the entire application process from initial discovery phase to completion and delivery of the aircraft. Silver Oak Capital will usually be present at the major global private jet events such as EBACE in Geneva. If you are looking for advice on raising a mortgage to help with the purchase of your new corporate jet then we can help make the process a lot easier.

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