China Aircraft Leasing Group (CALC) has funded two A320s delivered on lease to Pegasus Airlines in June using a Japanese Operating Lease with a Call Option (JOLCO) transaction. The JOLCO was arranged by Asset Brok’Air, with Credit Agricole-CIB arranging the debt. The French bank also acted as the facility agent and security trustee. Legal advise on the deal was provided by Watson Farley & Williams, Bezen & Partners and A&L Goodbody, which acted for CALC. Asset Brok’Air’s legal counsel was K&L Gates, while CA-CIB was advised by Clifford Chance. Tax advisors on the deal were AK Denetim and Price Waterhouse
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