A.B. Patel & Patel has been advising on aircraft sales and leasebacks, finance, purchases and syndicated financing. The transactions involved registration of aircrafts in Kenya and re-registration around the region. The financing of aircrafts ties in with the banking practice of the firm, where we have advised international finance houses on Kenyan aircraft mortgages.
Regulatory compliance and procedures fall within the legal framework of service provided. Related services have been provided for airstrip agreements and hangar use and leasing.
The aircraft transaction values ranged between US$2million to US$5million. The firm was mandated in the aircraft transactions, in addition to transaction advisory role, drafting of documents, register ownership documents and perfect securities.