Global law firm Dentons has advised the Munich-based financier, Airbus Bank GmbH (Airbus Bank), on its portfolio financing of four new Airbus helicopters leased to Transportes Aéreos Pegaso (Pegaso), a Mexican air transport service provider. The helicopter portfolio includes two H175s and two H145s, making Pegaso the first H145 operator in Mexico and the first H175 operator in the Americas.

Commenting on the deal, Munich-based counsel Surbhi Malhotra-Trenkel and Carl Bjärnram stated: “Dentons is delighted to have advised Airbus Bank on this deal, as these helicopters will provide much-needed support for emergency on-shore and off-shore operations and air transportation in Mexico, especially in light of the challenges posed by the COVID-19 pandemic.”

Airbus Bank is a Munich-based financier, specialising in aviation and commercial real estate. Founded in 2014, the Munich-based bank is a wholly owned subsidiary of Airbus SE, a global leader in the aerospace industry.

Pegaso currently operates a fleet of 29 helicopters and focuses on serving the energy industry and safety operations on the Gulf of Mexico. Pegaso is the largest Airbus helicopter operator in Mexico with more than 39 years of aviation service.

Surbhi Malhotra-Trenkel and Carl Bjärnram regularly advise on financing and other deals in the aviation industry. This transaction was a complex cross-border deal, which involved Dentons’ offices in Munich, London and New York.

Pegaso was advised by Cancino Ayuso Abogados, which is a Mexican boutique law firm that specialises in aircraft finance, acquisition, cross border litigation, regulatory and other aviation industry-related matters.

Advisors to Airbus Bank

Dentons: Surbhi Malhotra-Trenkel, Carl Bjärnram (both Counsel), Igsaan Varachia (Partner), Anne Heise-Lengtat (Associate, all Munich), Serge Sergiou (Partner, London, all Banking and Finance), Michael McGrath (Partner, Capital Markets, New York).

Advisors to Pegaso

Cancino Ayuso Abogados (Mexico): Ricardo Cancino (Founding Partner), Gabriela Zambrano (Senior Associate), Alfonso Diaz (Legal Clerk).