PRACTICE AREAS


Aviation

M. & P. Bernitsas Law Offices’ track record in Aviation stretches back to advising on financing transactions entered into by Olympic Airways over two decades ago. Since then, the Firm has acted in leveraged leasing, export credit finance, sale and leaseback and asset financing transactions. From 2000-10, we advised the State in the privatisation of the national airline, Olympic Airways. When the market for private operators opened in Greece in 1994, our Aviation department were instructed by private airlines to assist in their establishment, financing, aircraft acquisition, lease and charter, and to advise on regulatory, licensing and ground handling issues.

Practice Focus

  • advising on the regulatory framework governing airlines, airports, air traffic rights, public service obligations, the ground handling industry (including MRO) and national bilateral agreements
  • advising on the establishment of new, and subsidiaries of international, aviation companies
  • drafting and negotiation of ground handling and supply contracts
  • acting in the sale, finance and lease of individual aircraft and fleets, advising on and negotiation of operative and financial leases and related financial and security documentation
  • advising on and negotiation of mergers, acquisitions, disposals, privatisations and financings in the aviation sector
  • advising on the effect of the European Union and national regulatory and legislative framework governing transactions, employment agreements, intellectual property rights and taxation in the aviation sector

For more information on our Aviation practice, please contact Katia Papantonopoulou.

Practice Highlights

Practice Highlights

Representative matters include acting on behalf of/advising:

  • the acquiror of a lease portfolio of aircraft engines on the transfer of those assets leased to a Greek company.
  • several leading international banking institutions on the sale of aircraft, the discharge of existing and registration of new mortgages.
  • leasing corporations on aircraft leased to Greek airlines.
  • the purchasers in the acquisition of aircraft leased to private air carriers and the registration of the ownership transfer with the Civil Aviation Authority.
  • the Hellenic Republic in the privatization of Olympic Airlines, including the €177.2m sale of its flight operations, technical maintenance and ground handling to Marfin Investment Group.
  • the Hellenic Republic in the establishment of the airline company to succeed Olympic Airlines, their financing arrangements, the purchase, lease, sublease and charter of aircraft, and regulatory and licensing issues.
  • the Hellenic Republic in the establishment of the ground handling and maintenance facilities companies to succeed Olympic Airways Services.
  • the lessee of a private aircraft in its claims against a US technical services provider. 
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