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Aviation

1 Sep 2020

The law firm has advised a local leasing company UAB “Plieniniai sparnai” on the deferral of payments and extension of the lease term under a Finance Lease Agreement between the client and Kazakhstan airline in respect of 3 Boeing 737-500 aircraft. The law firm advised and assisted the client on renegotiating the pre-agreed structure of the payments under a finance lease agreement due to extraordinary circumstances in the world-wide aviation market influenced by the COVID-19 pandemic. The law firm drafted the necessary supplementary agreements to the finance lease and advised on the possible tax implications of changes.

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Šulija Partners Law Firm Vilnius, registered office Jogailos street 11, Vilnius, LT-01116, Lithuania, fax +370 52051926, e-mail: info@SulijaPartners.com

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