Allen & Overy advised COMMERZBANK Aktiengesellschaft in connection with a Japanese operating lease transaction including a call option (JOLCO) with Deutsche Lufthansa AG in respect of two Airbus A320-214 aircraft registered in Germany.

The JOLCO transaction, which is to involve Japanese equity and debt capital, was financed by COMMERZBANK Aktiengesellschaft, Tokyo branch.  COMMERZBANK Aktiengesellschaft, Luxembourg branch acted as security agent.

The Allen & Overy team comprised partner Wolfgang Melzer and senior associate Dr. Tobias Wintermantel (both banking and finance, Frankfurt). Additional support was provided by a team led by partner Paul Nelson (banking and finance) from the London office.

The team led by partner Wolfgang Melzer regularly advises on aspects of asset finance for aircraft, rolling stock or ships and on cross-border leasing finance.