Two Birds flown in as Virgin's Dreamliners prepare for takeoff
Bird & Bird, Freshfields Bruckhaus Deringer and Dentons have all won roles on Virgin Atlantic's sale and leaseback of 11 new Boeing 787-9 Dreamliner aircraft, valued at over $100m (£62m) each.
October 08, 2014 at 07:07 PM
2 minute read
Bird & Bird, Freshfields Bruckhaus Deringer and Dentons have all won roles on Virgin Atlantic's sale and leaseback of 11 new Boeing 787-9 Dreamliner aircraft, valued at over $100m (£62m) each.
Virgin has agreed that a leasing company will pay the purchase price to Boeing and then immediately lease the aircraft back to the carrier. The aircraft are due for delivery over the next four years, and by 2017 the 787s will represent 40% of the Virgin fleet.
Richard Branson's airline will become the first European operator of the "green" plane when it debuts on a flight from Heathrow to Boston later this month. The fleet will continue flying to New England six times a week from October 28, followed by deployment on routes to Washington DC and New York City's Newark and JFK airports.
The Two Birds team advising Virgin was led by joint head of aviation and defence Paul Briggs with aviation associates Will Alete and Almas Daud, all from the firm's London office.
Briggs originally advised Virgin on the purchase agreement between the airline and Boeing for 15 Dreamliners in 2006. With options for a further eight planes and purchase rights on another 20, Virgin's order was worth up to $8bn (£4.98bn) at the time.
Two Bird's aviation practice in Asia is currently headed by former Virgin Atlantic counsel Leo Fattorini, and earlier this year the firm also took on former Air Arabia group general counsel Anna Anatolitou to boost the firm's aviation and disputes practice in the Middle East.
Freshfields and Dentons acted for the lessors of the aircraft, taking roles with AerCap and Avolon respectively.
Does your firm support mobile working? Complete this Legal Week survey for a chance to win an iPad Air: click here.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllBig Law Leaders, Dealmakers Optimistic about M&A Deal Flow Under Trump, With Caveats
5 minute readThe Law Firms Generating 8-Figure Fees on the Year's Big Ticket UK Deals
3 minute read'Significant' Competition Concerns Over £762M GXO Logistics-Wincanton Merger
Trending Stories
- 1Gibson Dunn Sued By Crypto Client After Lateral Hire Causes Conflict of Interest
- 2Trump's Solicitor General Expected to 'Flip' Prelogar's Positions at Supreme Court
- 3Pharmacy Lawyers See Promise in NY Regulator's Curbs on PBM Industry
- 4Outgoing USPTO Director Kathi Vidal: ‘We All Want the Country to Be in a Better Place’
- 5Supreme Court Will Review Constitutionality Of FCC's Universal Service Fund
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250