SKY Leasing (“SKY”), an aviation investment manager, has announced that Sky Fund I, LP has entered into an agreement to sell Sky Fund I Irish, Ltd. and its subsidiaries to Dubai Aerospace Enterprise, as detailed in the press release issued by SKY.
The SKY Fund I portfolio is comprised of 36 owned and committed aircraft on lease to 14 airlines globally. The portfolio is more than 90% next generation technology aircraft.
The cross-border Milbank LLP team advising SKY is led by New York Transportation and Space partner and Chair of Milbank’s Finance Practice Drew Fine, London Corporate/M&A partner Lisa O’Neill and New York Corporate/M&A partner Dean Sattler with London Corporate/M&A special counsel Andrew Reilly, New York Transportation & Space associate Jeff Kaplan and New York Corporate/M&A associate Daniel Tyrrell.
