As reported in The New York Times, Paul, Weiss client
Oaktree Capital Management agreed to a sale of its aircraft leasing
company JSA International, which operates as Jackson Square
Aviation, to Mitsubishi UFJ Lease and Finance Co., Ltd. for U.S.
$1.3 billion. San Francisco-based Jackson Square, set up in 2010
with $500 million seed money from Oaktree, operates a fleet of
about 70 aircraft with branch offices in Seattle, Miami, Europe and
Asia. The deal will be financed with cash and bank loans and is
expected to close in December.
The Paul, Weiss team advising on the transaction included
corporate partners Neil Goldman, Kenneth Schneider and Kaye Yoshino;
and litigation partner Andrew Ehrlich.