Helmy, Hamza & Partners, Baker McKenzie Cairo office, acted as an Egyptian legal counsel to the African Export-Import Bank (Afreximbank) in connection with its secured refinancing facility worth USD 44 million to Egypt-based CIAF Leasing, the Egyptian joint-stock company that provides aircraft and equipment rental.
The aircraft refinancing facility aims to support CIAF's Leasing ongoing operations, growth and expansion plans including in its acquisition of three Embraer E-190 aircrafts to strengthen the company’s leasing operations.
Baker McKenzie Cairo-based partner, Mohamed Elharmy commented, “We are honoured to have supported Afreximbank on its first aircraft financing in Egypt. The successful closing of this transaction is a testament of our incredible banking and finance capabilities and our deep understanding of the aviation industry. Congratulations to the Afreximbank team and all the stakeholders involved on this remarkable transaction."
The Helmy, Hamza & Partners, Baker McKenzie Cairo team was led by partner Mohamed Elharmy with support from associates Ahmed Shehata and Nour Elhayatmy.