Milbank Advises Chorus Aviation on Sale of Falko Regional Aircraft Limited to HPS

Milbank LLP has advised Chorus Aviation Inc. on the sale of Falko Regional Aircraft Limited, together with Chorus’ equity interests in certain aircraft investment funds managed by Falko and its affiliates, to investment funds managed by HPS Investment Partners, LLC, in a transaction valued at $1.9 billion.

Falko is a leading regional aircraft lessor and the sale involves 189 of its owned and/or managed regional aircraft. Milbank advised Chorus on all corporate/M&A, aircraft finance, antitrust and tax aspects of the transaction.

The Milbank team was led by partners James Cameron (Transportation and Space, London) and Jordan Simpson (Corporate/Private Equity, London), alongside special counsel Siddharth Sharma (Transportation and Space, London) and Andrew Reilly (Corporate/Private Equity, London), and also included associates Amy Bradley and Eugenia Lau (Transportation and Space, London) and Michael Terry, Kate Meils, Mounir Haddad and Sophie Hofford (all Corporate/Private Equity, London).

Specialist input was provided by partners Andrea Hamilton (Antitrust, London) and Alan Rafferty (Tax, London), along with associates Charl Van der Merwe (Antitrust, London) and Liam Markham and Jade Du Berry (both Tax, London).

Milbank corporate partner Jordan Simpson said, “We are delighted to have supported Chorus and Falko on this market-leading transaction, which highlights both our strength in corporate M&A and aviation finance." Transportation and Space partner James Cameron said, “Milbank always acts on the aviation sector’s largest, most significant transactions and has unparalleled expertise in aviation M&A. Many congratulations to Chorus, Falko and HPS.”