Milbank Successfully Advises Chorus Aviation on the Completed Acquisition of Falko Regional Aircraft Limited by HPS

Milbank LLP has advised Chorus Aviation Inc. (“Chorus”) on the sale of Falko Regional Aircraft Limited (“Falko”), 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.

Falko is a leading regional aircraft lessor, and the sale involves 226 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 transaction signed on 30 July 2024 and the acquisition was completed on 6 December 2024.

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 associate Michael Terry (Corporate/Private Equity, London), and also included associates Andrew McAdam, Amy Bradley, Eugenia Lau, Adam Livingstone and Shonagh Cameron (all Transportation and Space, London) and Kate Meils 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 our strength in both 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 on closing this transaction and we wish Falko and HPS the very best with Falko’s continuing success in this sector.”