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Conyers represented Virgo Investment Group (“Virgo”) and Zephyrus Aviation Capital, Virgo’s new aircraft leasing and trading platform, in connection with the Bermuda law aspects of a launch transaction for the purchase of a 21-aircraft portfolio and the closing of a US$336 million asset-backed structured loan transaction, ZCAP 2018-1 to finance the acquisition of the aircraft portfolio. This is Virgo’s first structured ABS financing. Closing was announced on 10 October 2018. The transaction was awarded AirFinance Journal’s “North America Deal of the Year” for 2018
Director Jason Piney and Counsel Angela Atherden of Conyers’ Bermuda office advised on the matter, working alongside Vedder Price.