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Announcements

Maples Group Enhances Offering with Irish Owner Trustee Services for Aircraft Assets

24 Nov 2020

The Maples Group is pleased to announce an enhancement to its offering by adding the provision of Irish owner trustee services in respect of aircraft assets.

Owner trust structures offer a number of distinct advantages to the transaction parties, most notably ease of trading compared to a typical novation transfer (with associated time and costs savings) and facilitation of aircraft registration in certain jurisdictions.  As aviation industry participants become more familiar with the use of trusts, and aircraft trading volumes continue to grow as leased aircraft constitute a greater percentage of the global fleet, the use of owner trust structures in aviation deals is expected to become increasingly prevalent.

With over two decades in the marketplace, the Maples Group's fiduciary services team brings an unmatched depth of experience, backed by a strong infrastructure of policies and procedures, including SOC1 accredited systems, in line with industry best practices, to support the needs of the aviation sector.  With over 460 professionals in Ireland, a hub for the global aviation industry, the Maples Group has a well-developed perspective on market trends and provides cutting-edge products and structuring options.  The introduction of Irish owner trustee services reaffirms the Maples Group's position as a market leader in the space, while further affording clients tailored solutions to meet their specific needs.  The Maples Group's owner trustee service enables an aircraft owner to transfer legal title in an aircraft or aircraft related asset to a professional trustee, while continuing to retain beneficial ownership in the asset. 

"The provision of Irish owner trustee services, and the specific ability to act in this trustee capacity, is a natural complement to the Maples Group's comprehensive fiduciary and legal services offering," said Stephen O'Donnell, Regional Head of Fiduciary – Europe.  "Across the Group, we frequently support our clients with respect to transactions involving trusts and this enhancement to our offering ensures we remain best-positioned to continue delivering the solutions required to meet their needs."

Related Services

Trustee Services

Independent trustees are critical to good governance and our highly experienced professionals bring a consistent approach and institutional quality service to investment funds, structured finance vehicles and other corporate bodies.

Asset Finance

Advising on the laws of the BVI, the Cayman Islands, Ireland, Jersey and Luxembourg, our global Asset Finance team provides expert legal advice on the utilisation of special purpose vehicles in asset financing structures as well as export credit agency supported transactions and commercial bank deals.  

In addition, we specialise in the registration of aircraft and security interests over private aircraft and corporate jets in the Cayman Islands and Luxembourg, as well as the registration of vessels in the BVI, the Cayman Islands, Luxembourg and the Marshall Islands. 

Aviation

Established over 40 years ago, our global Aviation Finance team of lawyers provide legal advice on the utilisation of BVI, Cayman Islands, Irish, Jersey and Luxembourg vehicles to employ bespoke products to maximise efficiency. 

Offering legal advice to a multitude of aircraft lessors, financiers, funds, investors, owners and operators, we act on export credit agency-supported financings for all of the major aircraft manufacturers as well as commercial bank and lessor supported debt deals.  We also regularly advise on the registration of aircraft in the Cayman Islands and Ireland and local registration of security interests