Asset finance

Our team draws on experience across all sectors and disciplines, to ensure clients have structures and financing in place that allows them to maximise the use of their assets.

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​​​Bell Gully has acted on asset finance transactions for both lessor and lessee, including of aircraft, vehicles, yellow good and vessels. We have acted on inbound and outbound leasing structures, finance and operating leases and export credit financing structures.

Finance leasing for new Boeing 777-200ER aircraft
Advised Air New Zealand on the financing structure for the Japanese Operating Lease (JOL) of a new Boeing 777 aircraft.  The US$127 million transaction was the first JOL for a twin-aisle aircraft under the then new Japanese tax guidelines for Japanese partnerships. 

It was the first commercial aircraft financing involving a New Zealand dollar denominated loan, the first time that the New Zealand dollar (or any currency other than USD, JPY, or GBP) has been combined with a JOL and the first JOL closed using Residual Value Support under the then new Japanese tax guidelines.

Our team advised Air New Zealand on all aspects of the structure and related financing of the aircraft.  The deal was awarded Aircraft Leasing Deal of the Year – Australasia in Transport Finance Awards Yearbook 2006 and Asia Deal of the Year in Airfinance Journal 2006.

Outbound lease of 747 aircraft to TnT
Acted for the New Zealand domiciled lessor on the outbound lease of two Boeing 747 aircrafts. ​​​

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  • David Craig

    Partner Wellington
  • David McPherson

    Partner Auckland
  • Liz Lim

    Special Counsel Auckland