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Updated: 2008 Deals of the Year: Europe, Engine and Middle East Awards
11 March 2009
The 2008 Deal of the Year Awards continue. Today we unveil the Europe, Engine and Middle East winners.
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[Deals of the Year]
We are announing 2008's Deal of the Year Awards each day this week. Yesterday we looked at the Aerospace, Airport and Africa deals. Today is the turn of the Europe, Engine and Middle East awards.
Europe Deal of the Year: THY's French Leasing on Airbus and Boeing jets
Borrower: Turkish Airlines
Lender: Natixis Transport Finance
Structure: Ex-Im financing
Assets: Five 737-800s
Lawyer: White & Case (Lenders), Pillsbury Winthrop (Borrowers), Zuckert, Scoutt & Rasenberger, Clifford Chance in France, Dikici Law (Ex-Im Bank), Shearman & Sterling (Pefco)
Borrower: Turkish Airlines
Lender: Natixis Transport Finance, European Investment Bank, Deka Bank
Assets: Four A320s
Structure: French-Turkish tax lease
Lawyer: Norton Rose in Paris, Dikici Law in Istanbul (Lenders), Simmons & Simmons (ECAs), in-house (borrowers)
As Turkish Airlines took delivery of one of its 737-800s on September 19 2008 a US Ex-Im Bank representative said: "We are very happy today to witness a miracle. After probably the worse...
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