AZB and Clifford Chance work together on NACIL funding for Boeing

AZB & Partners, led by Managing Partner Zia Mody, advised the National Aviation Company of India Ltd. (NACIL) on the financing for its new fleet of Boeing aircraft. NACIL took delivery of nine planes from the Boeing Company (seven B-777-200LR and B-777-300ER aircraft and two B-737-800 aircraft), within a span of 4 months, with financing from Standard Chartered Bank. This transaction is part of an order NACIL made in 2005 for 111 aircraft at a list price of nearly $15 billion (Rs. 70,417 crores).