Al Tamimi & Company advises on $507 million acquisition of aircraft in Kuwait

The Kuwait office of Al Tamimi & Company, the largest law firm in the Middle East, acted as the Kuwait legal counsel for Goshawk Aviation Limited, a joint venture between Investec and Chow Tai Fook Enterprises in an agreement to acquire the fleet of 15 Airbus A320s for $507 million (KWD149 million) from Jazeera Airways Group, through its wholly-owned subsidiary Sahaab Aircraft Leasing Company.  The transaction is subject to customary closing conditions and regulatory approvals and is likely to be completed during the second quarter of this year. The transaction is the largest asset acquisition in Kuwait in 2015. Al