Milbank LLP represented One Investment Management in connection with its partnership with FTAI Aviation Ltd. to launch FTAI’s Strategic Capital Initiative.
The first vehicle under FTAI’s Strategic Capital Initiative is expected to deploy more than $4 billion of total capital into on-lease 737NG and A320ceo aircraft, allowing FTAI to maintain an asset-light business model while the partnership focuses on being a leading, scaled investor in the largest segment of the narrowbody aircraft market.
“We are excited to have advised OneIM on this innovative partnership, which will be a leading, scaled investment in the largest segment of the narrowbody aircraft market and have tremendous impact on FTAI’s business and the broader industry,” said Drew Fine, chair of Milbank’s Transportation and Space practice.
“This bespoke partnership highlights our team’s breadth and depth of experience advising on many of the most complex transactions in the aviation industry and we are thrilled to have worked with OneIM and FTAI on this important transaction,” added Dean W. Sattler, Global Corporate/M&A partner and head of Milbank’s US Corporate/M&A practice.
The Milbank deal team was led by Mr. Fine, Mr. Sattler and Global Corporate/M&A partner Daniel Tyrrell, along with Global Corporate/M&A associates Andrew Park and Amy Wang and Transportation and Space associate Steve Goff. The team also included Tax partner Edward Lemanowicz and associate Jesse Hong.
