Coblentz, Patch, Duffy & Bass teamed up with Greene Radovsky Maloney Share & Hennigh in representing Sky Holding Co. in a more than $500 million aviation venture. Together with Oaktree Capital Management, Sky Holding has set up Jackson Square Aviation to provide lease capital to passenger and cargo airlines around the world, according to a March 29 press release.
Oaktree Capital has committed about $500 million to the project, with which Jackson Square Aviation will finance about $2 billion of Boeing and Airbus aircraft annually. Sky Holding is a San Francisco-based commercial aircraft lessor. Oaktree Capital, based in Los Angeles, is a global alternative and nontraditional investment manager with approximately $73 billion in assets under management.
Coblentz partner Sara Finigan said it's the firm's biggest deal, in terms of dollars invested, to close this year. "We have some other big projects in the works, but they still have a long way to go before closing!" Finigan said in an e-mail.
Richard Patch was the lead Coblentz partner on the deal, with Finigan and Coblentz partner Paul Tauber also pitching in. Greene Radovsky partners Joseph Radovsky and Ronald Garrity represented Sky Holding in tax and structuring matters.
Los Angeles-based Kirkland & Ellis partners John Weissenbach and Damon Fisher and associates Peter Massumi and Brandon Vongsawad represented Oaktree in the deal.
This article was published in The Recorder on April 15, 2010.