Global legal firms to tap Indian aviation sector

Mumbai: Various global legal firms are keen to serve Indian carriers on matters relating to cross-border aircraft financing.
Joseph M Stefano of the US-based Allen & Overy, a firm that advises customers on cross-border leasing and financing, was recently in Mumbai to meet some Indian airline officials. Said he, “I shall soon meet some of the key officials at Jet Airways and Air India to discuss how our firm can smoothen the loan process in case they want to acquire loans from any bank in the US for financing their aircraft acquisition.”
Representatives of Clyde & Co, who is keen to service Indian airline operators, also are on the lookout for probable clients with whom they can have long term professional relationship. Said Claire Rennilson, solicitor, Clyde & Co, that the firm certainly wanted to offer its professional services to the operators on how procuring corss border loans and other related documentation can be made easier.
05/03/08 Shaheen Mansuri/Financial Expres

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Categories: Foreign Mar 2008, Indian Aviation- In General Mar 2008