24 03 2016

New World and Chow Tai Fook signed a jv with aircraft leasing company Aviation Capital Group

Clifford Chance advised New World Development's subsidiary NWS Holdings Limited and Chow Tai Fook Enterprises Limited on a joint venture with US aircraft leasing company Aviation Capital Group Corp. to form Bauhinia Aviation Capital Limited.


The joint venture's initial capital commitment of US$600 million will be used to build a portfolio of approximately 50 commercial aircraft. Clifford Chance acted on the transaction with a team led by partner Cherry Chan (picture), supported by partner Paul Greenwell, associates Ervin Chan, Rae Guo and Benjamin Fisher. Involved fees earner: Cherry Chan - Clifford Chance; Ervin Chan - Clifford Chance; Rae Guo - Clifford Chance; Paul Greenwell - Clifford Chance; Benjamin Fisher - Clifford Chance;

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