Milbank Advises SMBC Aviation on $6.7B Acquisition of Goshawk Management Limited

Milbank LLP advises SMBC Aviation Capital Limited (“SMBC AC”) on its acquisition of Goshawk Management Limited and its subsidiaries and associated assets from NWS Holdings Limited and Chow Tai Fook Enterprises Limited for an enterprise value of US$6.7 billion.

As part of this transaction, SMBC AC will acquire a portfolio of 176 owned and managed aircraft. The combined business will have a portfolio of 709 owned and managed aircraft and an additional $13 billion of orders from Airbus and Boeing. The combined business will be the second largest leasing company (by number of aircraft) globally. The transaction was originally announced in May 2022.

Milbank partner James Cameron said, "We have a strong and long-standing relationship with SMBC AC and are delighted to have been given the opportunity to help bring this transaction to a successful close.”

The Milbank team was led by Transportation and Space partner James Cameron with support from special counsel Siddharth Sharma and associates Stephanie Saunders and James Johnson.