Jet-engine leasing deal honored with China Air award

China Air Finance Development Summit Awards has bestowed its innovation award on an EUR64 million jet-engine leasing deal led by Milbank, Tweed, Hadley & McCloy LLP Asia Aviation and asset finance practice leader Paul Ng, the company said.

Ng, based in Milbank´s Singapore office, advised Bank of Communications Financial Leasing Co. (BOCFL) on the financing of a six-year lease of four jet engines to Korean Air Lines.

BOCFL, headquartered in Shanghai, is a Chinese leasing company with more than 40 airline clients based in Asia, Europe and the Americas.

The China Air Finance Summit is a gathering of aviation finance professionals, clients and media, and the site of the China Air Finance Awards, created to recognize the growth of the country´s aviation finance industry.

Milbank, Tweed, Hadley & McCloy LLP is an international law firm that provides legal services to clients around the world.