Shin & Kim represented an asset management company, acting on behalf of the aircraft owner, in order to negotiate the sale of the jetliner with a number of foreign aviation funds and leasing companies. As part of the transaction, a new lease was entered into between the purchaser and the existing lessee (a Korean low cost carrier).
A veteran aviation expert, who provided technical assistance to the purchaser, has praised Shin & Kim aviation lawyers stating that this is the first time in Korean aviation history that, under the given situation, a sale and lease transaction has managed to benefit both the aircraft owner and the low cost carrier.
Suk Lee and David Yang led the transaction.