Conyers advises Turbine Engines Securitization on aircraft engine pool

Conyers Dill & Pearman has acted for Turbine Engines Securitization in relation to a pool of 32 aircraft engines and the issuance of $275m (£170m) series 2013-1A fixed-rate notes, $30m series 2013-1B fixed-rate notes and an e-certificate.

The transaction was backed by leases to 15 airlines in eight countries and is Conyers’ second Bermuda Aviation ABS to close in 2013.

Neil Henderson, Angela Atherden and Alexandra Macdonald of Conyers’ Bermuda office advised on the matter, working alongside Milbank, Tweed, Hadley & McCloy, Shearman & Sterling and Orrick, Herrington & Sutcliffe.