International Team advises Clover Aviation Capital on sale and leaseback of seven A320neo family aircraft to Lufthansa

Global law firm Norton Rose Fulbright has advised international aircraft lessor Clover Aviation Capital on the sale and leaseback of seven A320neo family aircraft to Lufthansa AG. The transaction was completed on 12 December 2023, with the aircraft on long-term leases to Lufthansa AG, Lufthansa CityLine GmbH and Eurowings GmbH.

The transaction is an important step towards modernising the Lufthansa fleet and enables the company to finance the investments in new aircraft through a mix of cash, Japanese operating leases (JOLCOs) and operating leases.

Clover Aviation Capital provides aircraft leasing and asset management services to airlines and financial institutions worldwide. The company focuses on the leasing of the latest technology aircraft, strategic trading and the provision of technical, asset management and remarketing services to airlines and aircraft investors.

Clover Aviation Capital was advised by an international Norton Rose Fulbright team led by Munich partner Markus Radbruch (banking/finance). In addition, partner Richard Green (banking/finance, London) and Senior Associate Martina Glaser (banking/finance, Munich and London) advised on the transaction.