Advising on Cross-Border Sale and Delivery of Legacy 650 Business Jet

Šulija & Partners Law Firm Vilnius has successfully acted as joint legal counsel in a cross-border transaction involving the sale, delivery and operational placement of a Legacy 650 business jet. The deal involved parties based in the European Union and the Middle East, with the aircraft delivered at Guernsey Airport, Channel Islands.

The firm advised on the transaction from the outset, including:

• Drafting and negotiation of the Letter of Intent;
• Liaising with the escrow agent and coordinating closing fund flows;
• Drafting and negotiation of the aircraft sale documentation;
• Coordinating delivery procedures and closing mechanics;
• Managing the transfer of technical records and acceptance formalities;
• Transfer and novation of engine lease arrangements under a TotalCare-type OEM engine support program;
• Finalising the new aircraft operating and management agreement for private jet operations.

Aviation Transaction Practice

Šulija & Partners Law Firm Vilnius continues to advise on high-value business jet and commercial aircraft transactions across Europe, the Middle East and other key aviation markets. Our capabilities include:

• Aircraft sale, lease, operating and financing documentation;
• Engine lease novation and TotalCare / PBH programme transfers;
• Escrow coordination and international closing procedures;
• Ongoing operational and regulatory structuring across multiple jurisdictions.

For further information on our aviation transaction capabilities or to discuss potential mandates, please contact us at info@sulijapartners.com.

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