Watson Farley & Williams (WFW) advised MUFG Bank on the financing of two 737 MAX 8 aircraft for South Korean low-cost carrier Jeju Air, with these aircraft being delivered in June and July of this year.
Jeju Air’s obligations under the leases are supported by an aircraft non-payment Insurance policy structured by Itasca MGA, providing risk mitigation for MUFG Bank.
The WFW Tokyo Aviation team that advised MUFG Bank was led by assets & structured finance partner Simon Collins, supported by counsel Christian Orton and paralegal Saira Oshiro.