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Advising the Ministry of Defence on the Financial Closing of its Latest Training Package for Rotary Wing Aircraft

20 May 2016

International law firm Simmons & Simmons has advised the Ministry of Defence (‘MOD’) on the financial closing of its latest training package: Rotary Wing aircraft, under the tri-service UK Military Flying Training System. The Rotary Wing Training Package involves the delivery of 32 Airbus aircraft – H135 (x29) and H145 (x3) – and new infrastructure and ground-based training equipment.

Originally appointed for the PPP Framework Agreement and the first training package for Fast Jet Training, Simmons & Simmons have also acted on the Rear Crew training package and the Fixed Wing Aircraft training package. This latest transaction covering Rotary Wing Aircraft financially closed on 17 May 2016.

Partner Richard Dyton, who led the transaction, commented: "We are delighted to have worked closely with colleagues from the MOD to deliver the last in the four incremental training packages across all three armed services. This is a momentous achievement and bodes well

Matter Type
Banking & Finance - Capital Markets: Structured/Project Finance
Industry
Government & Public Policy
News Category
Banking & Finance