Global law firm K&L Gates has advised JP Lease Products & Services (JP Lease) and Stratos Aircraft Management (Stratos) on a first-of-its-kind JOL AIR 2019-1 aircraft lease asset-backed security (ABS) transaction. As part of the ABS, JP Lease acquired 15 aircraft with an aggregate value of $683.2 million from GE Capital Aviation Services and Pembroke Capital Aircraft, among others, involving 11 lessees in 10 countries across three continents. This is the first aircraft lease ABS utilising Japanese operating lease (JOL) equity, as well as JP Lease’s and Stratos’ inaugural ABS as issuer and servicer, respectively. Some of the deal’s unique

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