Waselius & Wist advised BBAM Aviation Services Limited as lease servicer and certain other transaction parties in the Finnish law aspects of the sale and leaseback of the Airbus A350-941 Aircraft with Finnair, and related financing arrangements. The Aircraft was leased back to Finnair, the largest airline of Finland, for its operation for the initial period of 12 years. The immediate positive cash effect of the arrangement for Finnair is in excess of 100 million euros.
BBAM is the leading provider of asset origination and management services in the aircraft leasing industry. In the end of March 2020, BBAM had over USD 28.9 billion of assets under management.
Waselius & Wist also advised Nomura, Babcock & Brown and BBAM Aircraft Management in the sale and leaseback of another Airbus A350 Aircraft in August 2020.