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Financing

25 Nov 2020

The law firm has advised a Cypriot company Airhub Aviation Limited and a local airline UAB “GetJet Airlines” on the financing of 2 Diamond DA40NG and 1 Diamond DA42-VI aircraft and 1 Diamond Convertible Flight Simulator provided by Apple Bank for Savings, a stock-form savings bank chartered under the Banking Law of the State of New York, USA. 

The firm advised the borrower on the loan agreement and supporting documents, negotiated and drafted a mortgage agreement under Lithuanian law securing the financing provided by client pledging the aforementioned 3 aircraft registered in Lithuania and 1 flight simulator under local Lithuanian law, advised on the guarantee and all other related matters. The value of the matter exceeded EUR 2,000,000.

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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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