Hall Of Fame

Asset finance in Singapore

Norton Rose Fulbright

Praised for ‘balancing legal risks with commercial priorities’, the ‘experienced, dependable and easy to work with’ team at Norton Rose Fulbright stands out for its extensive expertise in aviation and shipping finance, as well as significant involvement in offshore finance and the energy sector. The aviation arm is led by the ‘thoughtful, experienced and very steady’ Keith Sandilands, a leading figure for airlines, banks, ECAs, arrangers, lessors and investors. Ben Rose, who heads up the shipping and offshore practice, has notable expertise in complex structured financings, including Chinese sale and leasebacks, JOLCOs, and limited recourse project financings. Sue Ann Gan stands out for her strong track record in ship finance deals, advising financial institutions, lessees and owners. Additional support is offered by shipping finance specialist Sophie Polisena and Edward Bentley, who focuses on aviation transactions.

Praxisleiter:

Keith Sandilands; Ben Rose


Weitere Kernanwälte:

Sue Ann Gan; Edward Bentley; Sophie Polisena; Zara Ann Loh; Royce Lee


Referenzen

‚Norton Rose’s asset finance team is very good, experienced, dependable and easy to work with. They understand the aviation sector well and provide sensible, commercially grounded advice that’s tailored to the reality of how things actually work in practice. They don’t waste time theorising or over-complicating matters, they focus on getting the job done properly.‘

‚We’ve worked with them on several aircraft and engine-related matters, and they’ve always delivered solid support. The team is responsive, organised and capable of managing complex, multi-party transactions without losing momentum or dropping detail. They’re particularly good at balancing legal risks with commercial priorities, and their drafting is consistently clear and workable.‘

‚They’re also just very decent people to deal with, practical, calm under pressure, and not afraid to give a firm view when needed. We’ve found them to be reliable, constructive and a genuinely steady pair of hands.’

Kernmandanten

Air Niugini Limited


Bank of America, N.A.


Carlyle Aviation Partners


Malaysian Airlines Berhad


National Bank of Fujairah


Natixis


Pembroke Capital Limited


Philippine Airlines


PT Pelita Air Service


Singapore Airlines


Standard Chartered Bank


TATA – SIA Airlines Limited


The Green Shipping Fund


Yinson Production


Air Niugini Limited


Bank of America, N.A.


Carlyle Aviation Partners


Malaysian Airlines Berhad


National Bank of Fujairah


Natixis


Pembroke Capital Limited


Philippine Airlines


PT Pelita Air Service


Singapore Airlines


Standard Chartered Bank


TATA – SIA Airlines Limited


The Green Shipping Fund


Yinson Production


Highlight-Mandate


  • Advised Yinson Production in connection with its issue of $1.035bn in senior secured bonds due 2042 to refinance FPSO Anna Nery.
  • Advising Yinson Production in relation to the due diligence aspects of its $1bn structured equity raise (through the issue of $1bn in redeemable convertible preference shares and 10% warrants with a valuation of $3.7bn) from a consortium of international investment companies comprised of the Abu Dhabi Investment Authority, funds managed by British Columbia Investment Management Corporation and RRJ Group.
  • Advised National Bank of Fujairah PJSC (NBF) on a finance facility for Britoil Offshore Services relating to a fleet of offshore service vessels from numerous flag states.

Stephenson Harwood LLP

Stephenson Harwood LLP is a leading force in both aviation and shipping finance across the Asia Pacific region, boasting an ‘intellectually and technically excellent’ team that advises a broad spectrum of clients, including major banks, financial institutions, lessors, airlines, shipyards, energy companies, insurers, commodity traders, sponsors, and lenders. In aviation, the practice handles the full range of financing and leasing work, from commercial debt financings and bond private placements to derivatives, aircraft purchase agreements, and transactions involving private jets and helicopters. The shipping group, meanwhile, is well known for its expertise in complex cross-border financings, offshore projects, chartering and sale-and-leaseback arrangements, as well as corporate transactions, restructurings, and related disputes. The group is jointly led by Gregg Johnston, regarded as ‘best in the field’ for international ship and offshore finance, and the ‘technically and commercially pragmatic’ Saugata Mukherjee, a leading figure in aviation finance, serving as a key contact for banks, financial institutions, lessors, and airlines. Huay Yee Kwan is the go-to counsel for PRC clients on leasing and ship finance matters. Pedram Norton stands out for his work in ship finance, debt restructuring, and sale-and-leaseback transactions; Jeffrey Tanner is active in asset finance, structured debt, and projects, with a particular focus on the maritime and offshore energy sectors; and Clement Leung specialises in cross-border structured and aviation finance.

Praxisleiter:

Gregg Johnston; Saugata Mukherjee


Weitere Kernanwälte:

Huay Yee Kwan; Pedram Norton; Jeffrey Tanner; Matthew Seah; Clement Leung


Referenzen

‘This practice has both depth and breadth of experience. Each team member is intellectually and technically excellent, and together they have diverse experiences, so they are able to advise and identify risks from multiple perspectives beyond just the issue at hand. They have volume too, so enough people to turn around documents for e.g. large financings very quickly. The associates are more switched on when compared to other firms.’

‘Saugata Mukherjee is both technically and commercially pragmatic. He’s a problem-solver who always looks for ways to move forward, and is equally adept at advising financiers, lessors and airlines.’

‘The team is established and provides sound commercial advice in a timely manner.’

Kernmandanten

VMIC Aviation


Cebu Pacific


Avation Plc


Standard Chartered Bank


BW LPG


Bank of America


The Korea Development Bank,


The Export-Import Bank of Korea


BNP Paribas


ING Bank


Yangzijiang Financial Holding Ltd


Foresight Group


Ocean Infinity


Highlight-Mandate


  • Advised Cebu Pacific on its first sustainability-linked Japanese Operating Lease with Call Option (JOLCO) financing for a new Airbus A321neo aircraft.
  • Advised Singapore-based lessor Avation PLC on the financing of its acquisition of a 2013-built Airbus A320 on long-term lease to Etihad Airways on the secondary-market.
  • Advised Standard Chartered Bank, as global coordinator, in relation to the due diligence and $1.3bn pre- and post-delivery financing of the project costs relating to the provision, operation and maintenance of a floating, production, storage and offloading asset for the Agogo Integrated West Hub Development Project in Angola by Yinson Production known as „FPSO Agogo“.

Clifford Chance

Recognised as a ‘standout aviation team in the Singapore market’, Clifford Chance is routinely engaged to handle high-value, complex and multijurisdictional aviation finance transactions. In addition to its strong capabilities in aircraft purchases and disposals, operating lease transactions, debt financings, and capital markets-based deals, the team is also sought out by new banks and alternative lenders seeking to enter the cross-border aircraft financing space. Practice head Fergus Evans, a ‘go-to expert in the region’, possesses extensive experience in asset finance and leasing matters. The ‘commercial and efficient’ Nattawat Vilasdechanon also excels in structured finance and aircraft leasing transactions, and regularly advises financial institutions on Japanese operating lease financings.

Praxisleiter:

Fergus Evans; Nattawat Vilasdechanon


Referenzen

‘Clifford Chance’s Singapore aviation asset finance team is, rightly so, extremely well-regarded in the field. Partner’s availability is excellent, expertise is very deep and up-to-date, the team is didactic, and drafting turnaround is good. Clifford Chance provides excellent service.’

‘Fergus Evans is our go-to expert in the region.’

‘Standout aviation team in the Singapore market, second to none.’

Kernmandanten

AV AirFinance


Bank of China


BNP Paribas


Cathay United Bank


China Construction Bank


Commonwealth Bank of Australia


Crédit Agricole Corporate & Investment Bank


Crédit Industriel et Commercial


CTBC Bank


DBS Bank


Deutsche Bank


Development Bank of Japan


E.SUN Commercial Bank


Export Development Canada


KEB Hana Bank


HSBC


ING Group


Korea Development Bank


MUFG Bank


National Australia Bank


Natixis


Oversea-Chinese Banking Corporation


PK Airfinance


Standard Chartered Bank


Sumitomo Mitsui Banking Corporation


Highlight-Mandate


  • Advising CCB on the JOLCO financing of two Boeing aircraft for Deutsche Lufthansa, in connection with the Japanese operating lease financing with call option of two Boeing 787-9 aircraft bearing manufacturer’s serial numbers 62734 and 62143 for Deutsche Lufthansa AG („DLH“).
  • Advising DB on the financing for AIP Capital of two Airbus A330-300 aircraft on lease to China Airlines and one Airbus A330-300 aircraft on lease to EVA Airways.
  • Advising ING on the financing of five Airbus A321neo aircraft for InterGlobe Aviation Limited („IndiGo“).

HFW Singapore LLP

Highlighted by clients for its ‘rare combination of global scale, local insight, technical excellence, and pragmatic service delivery’, HFW Singapore LLP maintains a strong market reputation in the shipping and aviation finance market, where it acts for a domestic and international client base. The team is well positioned to advise on all aspects of asset and engine finance and leasing matters, with strong expertise in assisting lessors, banks, and airlines on the aviation side, and a notable track record in both wet and dry work on the shipping front. Ship finance expert John Forrester is equipped to advise a wide range of stakeholders, from banks to ship managers, on debt and lease financing, debt restructurings, and ship sales and purchases, among other mandates. He oversees the practice alongside Ling Lui, an aviation finance specialist and key contact for aircraft lessors and banks. Siri Wennevik is proficient in complex international shipping and offshore financings.

Praxisleiter:

Ling Lui; John Forrester


Weitere Kernanwälte:

Siri Wennevik; Wassamon Puthipad; Janice Wong; Ee Ling Goh


Referenzen

‘Ling Lui always makes an effort to be available and is reasonable and commercial.’

‘HFW’s Singapore shipping team is helmed by partners who have been in the industry for a long time and consistently provide top-tier, sector-led advice. They have a rare combination of global scale, local insight, technical excellence, and pragmatic service delivery. They offer end-to-end support in shipping and offshore financing, from structured lending to leasing – so clients benefit from a one-stop, collaborative legal solution that merges finance, dry shipping, admiralty, and transactional advice under one roof.’

‘Siri Wennevik brings deep expertise in ship and offshore finance and commercial transactions, advising global shipping interests from her base in Singapore since joining in 2018. Being Norwegian and having practised ship finance her entire career, you can say ship finance simply flows in her blood. She delivers solution-focused results quickly and is commercial and approachable. She thinks outside the box to get the results that the client wants and deliver executional excellence at every deal closing.’

Kernmandanten

ICBCIL Aviation Company Limited


Minsheng Financial Leasing Co., Ltd.


SBM Offshore


Yinson Production


BW Offshore


ASP Ships


Energy Drilling


Highlight-Mandate


  • Advising ICBCIL Aviation Company Limited (ICBCIL) following the repayment/security release of external financings of seven aircraft in 2023.
  • Acted for Minsheng Financial Leasing Co., Ltd. (Minsheng) as borrower on the extension of the 364-day bridge loan obtained in 2023 in relation to 11 aircraft on lease to 5 different international airlines (in Asia, Mexico, Europe and Turkey) and refinancing of 9 of these 11 aircraft.
  • Acted for SBM Offshore in a deal involving the financing of an FPSO using an innovative financing structure and source of finance never seen before in the FPSO space.

Watson Farley & Williams LLP

Watson Farley & Williams LLP‘s ‘highly motivated’ team is routinely instructed by banks, export credit agencies, lessors, arrangers and airlines in high-profile, multijurisdictional financing transactions in the aviation and maritime sectors. The group is active in financings involving export credit agencies, Japanese Operating Leases (JOLs and JOLCOs), sale and leasebacks and Chinese leasing structures. Lizzie Roe, who oversees the Singapore-based team, is a specialist in project, asset and structured finance in the maritime sector, where she acts for financial institutions, sponsors, lessors, owners and operators. Charles Viggers, a key contact for banks, lessors, arrangers and export credit agencies, and Richard Williams, who attracts regular engagements from banks, lessors, investors and airlines, specialise in aviation finance and leasing, while Andrew Nimmo is noted for his work in the shipping and offshore industries.

Praxisleiter:

Lizzie Roe


Weitere Kernanwälte:

Charles Viggers; Richard Williams; Andrew Nimmo; Yue Ma; Andy Wilson


Referenzen

‚The team understood commercial drivers to develop a suitable solution, providing a detailed explanation of processes and requirements. Very responsive, flexible and delivered on time.’

‘Charles Viggers and his team, notably Anmol Gill, were very efficient, and able to respond to all queries in a clear and concise manner, with excellent explanations and adapting to changes.’

‘Friendly and approachable team who are highly motivated and keen to make an impression. Good level of partner involvement in matters and commercially focused advice.’

Kernmandanten

UK Export Finance


China Aircraft Leasing Corporation


BNPP


Maldivian


China Aircraft Leasing Corporation


Natixis


Standard Chartered Bank


Avolon


Bank Of China Aviation


Avation


CACIB


BNP


ING Bank N.V., Singapore Branch


Credit Agricole Asia Shipfinance Limited


Standard Chartered Bank


Oversea- Chinese Banking Corporation Ltd


Sumitomo Mitsui Banking Corporation


Berge Bulk


BW Group


BNP Paribas


Armada 98/2 Pte. Ltd.


Oka Tanker Pte Ltd


Highlight-Mandate


  • Advised ING Bank N.V., Singapore Branch in its role as arranger, facility agent, security agent and lender on a $50m term loan facility for Tank Container Investment Fund Pte. Ltd. (“TCIF”) as borrower.
  • Acted for Financial Partners Group Co., Ltd.(FPG) as equity provider on an equity only JOLCO with Stena North Sea Limited (a subsidiary of Stena AB (publ)) as charterer/seller in relation to the purchase of two (2) RoRo Passenger Ferry vessels for $100m.
  • Advised UKEF (as lead ECA) and the ECA lenders on CALC’s substitution of 3 x Airbus A320 aircraft on lease to Air India with 1 x A321 aircraft leased to a US carrier.

K&L Gates Straits Law LLC

The ‘collaborative, conscientious and well-supported’ team at K&L Gates Straits Law LLC is highly sought after by financial institutions, leasing companies, and airlines for its strong expertise in aircraft operating finance and leasing transactions. The team is also expanding its capabilities in non-contentious shipping matters. The group is jointly led by the ‘highly regarded, responsive, commercial, and detail-oriented’ Duc Nguyen and Samuel Kolehmainen, who are seasoned experts in aircraft financing, leasing and purchasing agreements.

Praxisleiter:

Duc Nguyen; Samuel Kolehmainen


Referenzen

‘The team has been practising in Asia for many years, so have the regional picture as well. Samuel Kolehmainen is a real gem in that regard.’

‘The team is collaborative, conscientious, well-supported and positive to work with.’

‘Duc Nguyen is both legally and commercially astute. He is approachable, very responsive and supportive even across time zones, solutions-focused, and understands what the client needs. He is also hands-on, personally ensuring the quality of work delivered by his team.’

Kernmandanten

AirAsia Berhad


Credit Agricole Corporate and Investment Bank


Credit Industriel et Commercial


AerDragon Aviation Partners Limited


MUFG Bank Ltd


AerCap


BOC Aviation Limited


Falko Regional Aircraft Limited


VietJet Joint Stock Company


Vietnam Airlines Limited


AirAsia Berhad


Credit Agricole Corporate and Investment Bank


Credit Industriel et Commercial


AerDragon Aviation Partners Limited


MUFG Bank Ltd


AerCap


BOC Aviation Limited


Falko Regional Aircraft Limited


VietJet Joint Stock Company


Vietnam Airlines Limited


Highlight-Mandate


  • Advised Crédit Agricole CIB as arranger, lender, and sustainability adviser in relation to a sustainability-linked JOLCO financing of one new A321NEO for a Philippine low-cost airline.
  • Advised Vietnam Airlines on a high-profile contract relating to its order for 50 Boeing single-aisle 737 MAX jets.
  • Advised Crédit Agricole CIB as arranger, lender, and sustainability adviser in relation to an operating lessor financing for CCB Financial Leasing in respect of three aircraft on finance lease to Pegasus Airlines in Turkiye.

Mishcon de Reya LLP

With a strong aviation practice, Mishcon de Reya LLP is routinely instructed by a network of HNW individuals, corporates, funds and leasing companies across Southeast Asia, North Asia, the Middle East and Europe. The team also handles maritime mandates under the leadership of Chong Yi Hong, a specialist in project and conventional vessel financings. Steering the aviation arm of the group is Ethan Tan, recommended as ‘technically very strong and fast’; he has a strong reputation for transactions in Southeast Asia, Japan and China.

Praxisleiter:

Chong Yi Hong; Ethan Tan


Weitere Kernanwälte:

Jun Wei Chua


Referenzen

‚The team at Mischon de Reya is always ready to work together with other law firms such as ours, to deliver the best end product to the client, within reasonable billing limits.’

‘Ethan Tan is knowledgeable and direct in terms of his communications, instructions and timelines. He is supported by a team of lawyers and paralegals who work seamlessly with him in delivering quality work.’

‘We have worked with Ethan Tan now for several years. Ethan has a good knowledge of the aviation industry and has worked extremely hard and well to build up his practice over the past few years. He has a very solid team around him, and together they provide a very good service to their clients.’

Kernmandanten

Bank of Communications Financial Leasing Co., Ltd.


Yinson Holdings Berhad


Singapore Airlines Limited


ST Engineering Aerospace Resources Pte. Ltd.


Jackson Square Aviation


Export and Import Bank of China


Total Engine Asset Management Pte. Ltd. (50:50 joint venture between ST Engineering and Marubeni Corporation)


AirAsia group (including Asia Aviation Capital Limited, a 100% subsidiary of AirAsia)


Keystone Holdings


Juniper Aviation


Aircastle


Highlight-Mandate


Morgan Lewis Stamford LLC

With a strong focus on the aviation sector, Morgan Lewis Stamford LLC is well versed in portfolio sales and purchases, financing and leasing, sale-and-leaseback transactions, litigation, airline restructuring, and ESG and sustainability mandates. James Bradley serves as the primary contact for lessors, financial institutions, investors, funds, airlines, and manufacturers seeking guidance on all aspects of aircraft, engine, and corporate jet financing, leasing, and restructuring. Ivan Qiu is noted for his work on aircraft finance and leasing transactions.

Praxisleiter:

James Bradley


Weitere Kernanwälte:

Ivan Qiu; Nandana Marur


Referenzen

‘I find Morgan Lewis to be quite proactive & innovative in its approaches – anticipating quite well trends and jurisdiction complexities in a holistic manner.‘

‘Clearly, James Bradley makes a huge difference in getting the firm out there in the aviation ecosystem, and his outside-the-box ideas are very helpful in navigating the complexities linked to aircraft funding.’

‘The MLS team are industry leaders in the aviation sector, particularly in the Asia Pacific region. They know the market inside out and are always a step ahead of the competition.’

Kernmandanten

Avation PLC


Skymark Airlines Inc.


Sky Leasing


China Aircraft Leasing Company Limited


Malaysia Airlines


Highlight-Mandate


  • Advised AVAP on its refinancing of seven aircraft with Deutsche Bank through a Term Loan A-styled $85m expandable portfolio financing facility.
  • Advised AVAP on its refinancing of seven aircraft with Deutsche Bank through a Term Loan A-styled $85m expandable portfolio financing facility.
  • Acted for CALC in the operating leases of two (2) Boeing 787-9 dreamliner aircraft to German flag carrier Lufthansa AG, for operation by its subsidiary Austrian Airlines, in the first ever deal between CALC and Lufthansa.

Reed Smith LLP

Leveraging its strong global presence and expertise in English, New York, and Singapore law, Reed Smith LLP‘s Singapore-based team is well equipped to manage the full spectrum of multijurisdictional aviation finance matters, including export credit, sale-and-leasebacks, securitisations, and JOLCOs. Simon Spells, recognised by clients as ‘top of the game in terms of aviation counsel in the Singapore market’, leads the group and is a go-to choice for financial institutions, lessors, manufacturers and airlines in structured finance, asset-backed securitisations, leasing, and large portfolio transactions. Janet Salim excels in cross-border leasing, refinancing and restructuring matters. The team welcomed Gregory Xu, who joined from Stephenson Harwood LLP in January 2026.

Praxisleiter:

Simon Spells


Weitere Kernanwälte:

Janet Salim; Gregory Xu


Referenzen

‘We always enjoy working with RS as they are very efficient and commercial in their approach and are extremely adept at managing transactions and the large number of separate workstreams involved. They ensure clear instructions are provided and that everyone is clear on timelines and deliverables.’

‘Simon Spells is well known in the market and has an extremely good reputation as an extremely knowledgeable lawyer, but also is very commercial and practical in his approach. He is very responsive and happy to deal with queries to move matters forward. I enjoy working with Simon very much and would regard him as top of the game in terms of aviation counsel in the Singapore market.‘

‘The team at Reed Smith excels in their commercial awareness, responsiveness, and ability to handle complex transactions, providing clear, pragmatic advice often in truncated timeframes.‘

Highlight-Mandate


Vedder Price

Vedder Price houses a ‘commercially sound, legally robust, and culturally sensitive’ team that regularly advises banks, financial institutions, investors, borrowers, and lessors on operating and finance lease transactions in the aviation sector. The Singapore-based team is led by Ji Woon Kim, who is recognised for his ‘solution-oriented mindset’ when advising commercial banks, private credit finance companies, investors, export-credit agencies, borrowers, lessors and other stakeholders on equipment finance matters involving commercial aircraft. David Paterson, who joined from Milbank in February 2025, specialises in aircraft-backed international finance and leasing transactions

Praxisleiter:

Ji Woon Kim


Referenzen

‚Vedder Price’s asset finance practice stands out for its deep industry expertise, commercial acumen, and collaborative approach. What makes this team truly unique is its ability to combine technical excellence with a pragmatic understanding of client needs, particularly in complex cross-border transactions and structured finance.‘

‚Partners like Ji Woon Kim bring a strategic mindset to every transaction, often identifying opportunities or risks that others might overlook. His associates are equally impressive—detail-oriented, responsive, and always willing to go the extra mile to ensure smooth execution.‘

‚Ji Woon Kim runs a great shop in Vedder Price Singapore. Ji sets a very professional tone, and he hires only the most capable lawyers. Vedder Price’s Singapore office is known to have very effective lawyers. A go-to firm in Singapore.‘

Kernmandanten

AerDragon Aviation


AV AirFinance


BBAM


BNP Paribas


Castlelake


CDB Aviation


Credit Industrial et Commercial


Export-Import Bank of the United States


Haitong UT Leasing


ING Bank


KEB Hana Bank


Korea Development Bank


MUFG


Natixis


Société Générale


ST Engineering Aerospace Resources Pte. Ltd.


VMIC Co., Ltd.


Woori Bank


Deutsche Bank


Agricultural Bank of China, Singapore


Highlight-Mandate


  • Advised AV Air Finance and KKR Lenders on finance lease financing for VietJet.
  • Advised KDB on Canadian-dollar financing for KAL.
  • Advised US EXIM on KRW-financing for KAL.