Press Release

Morgan Lewis Aviation Team Advises on Ishka’s Best Asian Deal of 2022

Friday, May 12, 2023

SINGAPORE, May 12, 2023: Ishka has recognized a $2 billion widebody fleet renewal program—on which Morgan Lewis Stamford advised Malaysia Aviation Group Berhad, MAB Leasing Limited, and Malaysia Airlines Berhad—as the Best Asian Deal 2022. Ishka’s annual Deal of the Year Awards recognize the best aviation financing transactions of the year.

Entailing an innovative bifurcated risk structure, the deal included the acquisition of 20 Rolls-Royce–powered Airbus 330 aircraft, pre-delivery payment financing of 10 aircraft by Avolon, and the advanced sale and leaseback of those aircraft. In addition, ongoing support services from Airbus and Rolls-Royce for the program were also agreed. As recognized by Ishkha, the transaction was the largest-value leasing deal struck in 2022.

The Morgan Lewis Stamford team advising on the transaction included partner James Bradley, of counsel Terry Chang, and associate Ivan Qiu.

Morgan Lewis Stamford LLC is a Singapore law corporation affiliated with Morgan, Lewis & Bockius LLP.