Finance

WFW advises Standard Chartered on financing of two A320neos

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WFW advises Standard Chartered on financing of two A320neos
Watson Farley & Williams (WFW) has advised international banking group Standard Chartered on the financing of two A320neo aircraft for TATA SIA Airlines, operating as Vistara. This ‘landmark transaction’ was one of the first commercial aircraft finance transactions to be structured through Gujarat International Finance Tec-City (GIFT City). The WFW Singapore Aviation team that advised Standard Chartered was led by partner Richard Williams and associate Lyssetta Teo, and was also associated by associates Andy Wilson, Anmol Gill and London trainee Zsofi Bori. “WFW is passionate about aviation in India and the opportunity we have to provide our expertise in support of its expansion,” commented Williams. “We extend our appreciation to the other advisors on the transaction for their first-class advice”. WFW predicts that GIFT City – India’s ‘first operational greenfield smart city and international financial services centre’ – will play ‘an enormous role in financing India’s unprecedented growth in aviation’.