Charles Viggers
Partner

FINANCE

PARIS

T: +33 1 56 88 21 21
D: +33 1 76 40 15 63
M: +33 6 77 79 46 45

EmailE: cviggers@wfw.com

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Charles Viggers>

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Summary Open

Charles is a Partner in the Asset Finance group in the Paris office of Watson Farley & Williams.

Active in the Transport sector, his practice is particularly focused on aviation finance and leasing. Charles and the team work on high profile cross-border mandates from banks, export credit agencies, lessors, arrangers and core manufacturers.

WFW’s “truly top notch” and “remarkably efficient” aviation finance practice in Paris is ranked Tier 1 in Legal 500, with clients saying that Charles is “outstanding”.

Clients have separately told Chambers that Charles’s strength lies in his ability to “listen, understand and be flexible and honest” saying that “he never walks away, always protecting the interests of his clients.”

Experience Open

    Charles’ experience includes advising:
    • A multitude of different syndicates of banks on the JOLCO financing, with multiple different Japanese equity houses, of single aircraft and batches of aircraft of multiple different types (including A319, B777, B787-9 and A380 aircraft) for Air France.
    • China Aircraft Leasing Group Holdings Ltd on the financing and leasing of two Airbus A320-214 aircraft msn 7145 and 7200 leased to Pegasus Airlines by means of a JOLCO. This deal was arranged by Asset Brok’Air. It was named “Aircraft Lessor JOLCO Deal of the Year” at Global Transport Finance 2016 Awards.
    • The French Ministry of Defence on certain aspects of the A400M project.
    • On the purchase and financing of 1 x Dassault Falcon 2000 aircraft for a prominent Eastern European businessman.
    • Chinese Lessor CALC on the financing and JOLCO refinancing of 1 x A320 aircraft for AirAsia Berhad and 1 x A320 aircraft for Thai AirAsia.
    • A leading German lender on the commercial financing of 1 x B787-9 aircraft for Air France.
    • Leading French and German lenders on the JOLCO financing of 2 x B737 aircraft for Transavia France.
    • Deutsche Bank, CA-CIB, Coface and SACE on the ECA financing of 6 x ATR aircraft for Swedish airline Braathens.
    • A number of syndicates of banks on the JOLCO financing of a total of 10 x B737-700 (and -800) aircraft for Scandinavian airline SAS.
    • Deutsche Bank on the Coface-supported financing of the first 2 x AS332 C1e helicopters for South African / Irish operator Starlite and repositioning of the helicopters in various locations worldwide (often including a change of operator and change of state of registration).
    • A leading German bank on the insolvency of German cargo airline Air Cargo Germany and on the related restructuring of the financing of 2 x B747 freighter aircraft.
    • A leading US lessor on certain aspects of the insolvency of Air Berlin.
    • A leading French bank on the financing of the purchase and JOL of 3 x B737 aircraft for Dutch airline KLM.
    • A leading French bank on the financing of the purchase and JOL of 2 x A320 aircraft for Irish airline Aer Lingus.
    • A leading European aircraft manufacturer on the sales finance aspects of their sale of multiple aircraft to airlines in Indonesia and Malaysia.
    • A broad range of US, Dubai, Irish and Chinese lessors on the purchase, leasing, novation and/or restructuring of aircraft on lease to airlines in Indonesia (including Lion, Wings and Garuda).
    • The European ECAs on the repackaging of portfolios of aircraft and project finance transactions and the related issuance of bonds/notes by way of private placement or into the broader capital markets.
    • A leading North-American export credit agency on the enhanced tax leasing of multiple aircraft (and spare engines) to airlines in China, Brazil, Singapore, Dubai, Indonesia, Turkey and UAE.
    • BRED Banque Populaire on the financing of Singapore-based lessor Avation Plc’s purchase of one ATR 72 aircraft and the leasing of the aircraft to Fiji Airways and sub-leasing to Fiji Link.
    • A leading Spanish bank on the BPIAE / SACE supported financing of 2 x ATR 72 aircraft for a North African airline.
    • A leading simulator operator on the finance/leasing of a number of A380 and A320 flight simulators.
    • Two leading German banks on multiple defaults and the insolvency of Chinese cargo airline Jade Cargo, the repossession of 3 x B747 freighter aircraft from within China and the claim in the insolvency of the airline. We also advised on the related restructuring of the financing of the aircraft and the complex subsequent sale and/or re-leasing arrangements in respect of the aircraft.
    • The Export-Import Bank of the United States on the French law aspects of its support for BNP Paribas’ enhanced lease financing of 5 x B737 aircraft for THY and Lufthansa’s joint venture SunExpress. This deal won “Export Credit Deal of the Year” at Airfinance Journal’s 2016 Deals of the Year Awards.
    • A leading German bank on a guarantee facility agreement for a leading French equipment manufacturer.
    • A leading European export credit agency on the private placement of bonds backed by the ECA-supported financing of a mill in Brazil.

Author/Speaker/Awards Open

  • “The changing face of Coface’s support for the French aviation industry”, WFW Briefing, June 2013
  • “Deal Guide: Ijaara business jet lease”, Corporate Jet Investor, 31 Januray 2012
  • “The impact of financing on enforcement and repossession strategies”, ICC, Paris, Dispute Resolution in Aeronautics and Space, 2009

Membership of Professional Societies Open

  • The Law Society of England & Wales
  • Registered as a foreign lawyer with the Paris Bar (Barreau de Paris)

Publications Open

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