Jaesuk (Jay) Yoo

Experience

• Representation of a global airline in obtaining mortgage financings from the Brazilian export credit agency, Banco Nacional de Desenvolvimento Econômico e Social, for more than 55 Embraer ERJ175 aircraft.
• Representation of a global airline in obtaining mortgage financings from the Canadian export credit agency, Export Development Canada, for more than 65 Bombardier CRJ900 aircraft.
• Representation of global airlines in more than 20 public and private offerings of enhanced equipment trust certificates (“EETCs”), financing and refinancing in the aggregate more than 480 new and vintage Boeing, Airbus and Embraer aircraft and raising more than $14.5 billion in proceeds, including:
  • a $2.2 billion private offering of EETCs secured by 75 owned Boeing aircraft, the largest EETC to date in terms of both aggregate proceeds and number of aircraft in the collateral pool, a transaction which won the Airline Economics Aviation 100 “2014 Debt Deal of the Year” award;
  • a $500 million offering of EETCs secured by 15 Boeing aircraft, which was the first EETC to feature the now market-standard Class “AA” senior tranche; and
  • $783 million offering of EETCs secured by 13 Boeing aircraft, which was the first ever EETC offering by an airline while in bankruptcy.
• Representation of a global airline in a $558 million private offering of EETCs secured by 83 spare engines.
• Representation of a global airline in its $1 billion offering of high yield bonds secured by certain route authorities, airport take-off and landing slots and rights to use or occupy space in airport terminals in London, Tokyo, Beijing and Shanghai.
• Representation of a global airlines in obtaining mortgage financing from the Canadian export credit agency, Export Development Canada, for a 787 full flight simulator.
• Representation of global airlines in obtaining mortgage financings for new and vintage Boeing and Airbus aircraft; including:
  • approximately $560 million with a number of different lenders to finance the purchase of 14 Airbus A321NEO aircraft; and
  • approximately $530 million with a number of different lenders to finance the purchase of 14 Airbus A320 and A321 aircraft; and
  • approximately $250 million of fixed and floating loans with a number of different lenders to finance vintage Airbus A320 and A321 aircraft.
• Representation of global airlines in repricing and refinancing of existing private bank aircraft mortgage financings.
• Representation of a global airline in its agreements with Airbus to purchase A220-300 aircraft.
• Representation of a global airline in the purchase of 14 vintage Airbus A319-100 Airbus aircraft off lease from a major leasing company.
• Representation of a global airline in its regional fleet restructuring, involving the acquisition of 216 Embraer aircraft and 47 Bombardier aircraft and the related export credit agency financings from its regional carrier.
• Representation of a global airline as special aircraft counsel, in its successful Chapter 11 proceedings involving the restructuring of complex financing arrangements relating to more than 400 aircraft generating savings in excess of $1.8 billion and to the raising of more than $9 billion of new financing through various capital markets, syndicated lending and other financing transactions. This restructuring was honored by Turnarounds & Workouts as one of a dozen “Successful Restructurings – 2013.”
• Representation of a global airline during its Chapter 11 proceeding involving restructuring of mortgage financings of 216 Embraer regional jet aircraft with the Brazilian export credit agency, Banco Nacional de Desenvolvimento Banco Nacional de Desenvolvimento Econômico e Social.