YOON&YANG
Yoon & Yang’s Aircraft &Vessel Financing Team is comprised of attorneys with extensive experience and outstanding expertise in various areas of the aviation and shipping industries, who are well-versed with diverse challenges and issues facing such industries. Based thereon, the Aircraft & Vessel Financing Team is dedicated to providing legal service with primary focus on the needs of clients with respect to a wide range of issues including aircraft financing & lease, vessel financing, insurance, tax and dispute resolution.

Key Services

Aircraft Financing

  •  Advising on sale & purchase of aircrafts and engines
  • Advising on financing lease, operating lease agreements and release-based sale of new & secondhand aircrafts and engines 
  • Advising on JOL/JOLCO deals
  • Advising on secured loans & investments related to new & secondhand aircrafts and engines
  • Advising on restructuring
  • Advising on obtaining license & permit from and reporting to government bodies (i.e., filing of forex transactions)
  • Advising on registration of aircrafts and establishment of collateral
  • Advising on other aircraft-related deals 

 

Vessel Financing

  • Advising on sale & purchase of vessels
  • Advising on financing for new shipbuilding and introduction of secondhand ships
  • Advising the Export Credit Agency (ECA) on financial transactions
  • Advising the Korea Trade Insurance Corporation on export insurance syndicate
  • Advising on restructuring
  • Advising on registration of ships and establishment of collateral
  • Advising on other ship-related deals

Representative Cases

Aircraft Financing

  • Advised Korean Air on financing lease of two B787-9 aircrafts by SMBC and MUFG 
  • Advised Korean Air on financing lease of two A321-NX aircrafts by LBBW
  • Advised Korean Air related to LIBOR transition deals
  • Advised Korean Air related LIBOR transition deals; advised Koran Air on agreement for purchase of A321-Neo aircraft
  • Advised Korea Development Bank (KDB) on financing lease of four B737-8 aircrafts by BOCOMM and Jeju Air
  • Advised Export-Import Bank of Korea (KEXIM) related to establishment of collateral on aircrafts
  • Advised Tway Airline on operating lease of two AC B737-800 aircrafts by SMBC
  • Advised Tway Airline on operating lease of one B737-800 aircraft by ACG
  • Advised Tway Airline on operating lease of two B737-800 aircrafts by AERCAP
  • Advised Tway Airline on operating lease of two A330-300 aircrafts by DAE
  • Advised Tway Airline on operating lease of two B737-800 aircrafts by CDB Aviation
  • Advised Tway Airline on operating lease of two B737-800 aircrafts by AERCAP
  • Advised Tway Airline on lease extension agreement for one B737-800 aircraft with AVOLON
  • Advised Jeju Air on operating lease of aircraft engine by Willis
  • Advised Jeju Air on operating lease of two AC B737-800 aircrafts by SMBC
  • Advised Jeu Air on operating lease of one B737-800 BCF aircraft by Aviator
  • Advised Rolls-Royce Finance Partners on operating lease of one aircraft engine by Asiana Airlines
  • Advised BOCA on operating lease of one B737-800 aircraft by EASTAR Airline
  • Advised ICBC Leasing on lease extension of A321-231 aircrafts by Asiana Airlines
  • Advised Korean Air on short-term financing lease of two B737-8 aircrafts by NATIXIS
  • Advised Korean Air on guaranteed financing lease of two B737-8 aircrafts by US EXIM, NATIXIS and TD BANK 
  • Advised Korean Air on guaranteed financing lease of one B737-8 aircraft by US EXIM and ING CAPITAL
  • Advised Korean Air on sublease of one B-737-8 aircraft by Jin Air 
  • Advised ICBC Leasing related to lease extension of two A321-231 aircrafts 
  • Advised ICBC Leasing related to lease extension of three A320 aircrafts 
  • Advised Tway Airline regarding the novation deal of one B737-NG aircraft with BOC Aviation
  • Advised Tway Airline on the operating lease of three A330 aircrafts by AERCAP
  • Advised Tway Airline regarding the novation deal of one aircraft (B737-NG) aircraft by AERCAP 

 

Vessel Financing

  • Advised Tsakos Energy Navigation on financing of new shipbuilding
  • Advised ECA Loan Syndicate on sea drill restructuring and Chapter 11 proceedings 
  • Advised Pan Ocean Co., Ltd. on refinancing of six bulk carriers
  • Advised Pan Ocean Co., Ltd. on refinancing of 5 bulk carriers 
  • Advised Polaris Shipping Co., Ltd. on refinancing of 3 VLOCs
  • Advised Export-Import Bank of Korea on sale & lease back of CMBFL ship
  • Advised Export-Import Bank of Korean related to ocean rig restructuring
  • Advised the Korea Trade Insurance Corporation on trade insurance; advised the syndicate for overseas project financing guarantee of Export-Import Bank of Korea