David Berkery

Partner

Finance

“David’s strengths are his practical knowledge and tech knowledge in addition to his experience; he has it all covered.” (Chambers USA, 2026)

David Berkery of Vinson & Elkins Dublin

Overview

David is a partner and Head of the Aviation Finance Team. David is tri-qualified in New York, England & Wales and Ireland, and his practice focuses on all aspects of aviation leasing and financing including portfolio acquisitions, asset backed securitizations, warehouse facilities, joint ventures, mergers & acquisitions, formal and informal restructurings and unsecured loans.

Experience

  • Underwriters in MERIT 2026-1, a $801 million securitization of aviation loans serviced by Merit

  • Investors in SAPA 2025-R1, a refinancing of an aircraft-backed securitization serviced by Avolon

  • Investors in the 2025 refinancing of the Regional 2021-1, an aircraft-backed securitization serviced by Falko

  • A large commercial bank in the development of a pass through trust structure to allow institutional investors to participate in a large warehouse facility secured by aircraft and engines

  • Acting for AIP Capital in connection with the financing by a European bank of a portfolio of ten spare engines

  • Castlelake in connection with the acquisition of 8 aircraft on lease to Avianca from a syndicate of lenders

  • AerCap Ireland Limited and its affiliates in connection with the sale of a portfolio of 8 aircraft on-lease to another leading leasing company

  • Castlelake in connection with the conversion of 6 leases with Tampa Cargo from operating leases to finance leases

  • Bank of America’s leasing platform with the sale of two aircraft on lease to WestJet to a leading leasing company

  • New Pacific Airways, a start-up airline with transpacific operations, in multiple senior secured loans to finance acquisitions as it expands its fleet

  • New Pacific Airways, a start-up airline with transpacific operations, in various aircraft purchase and lease transactions to grow its fleet

  • RAVN Alaska, a regional airline operating in Alaska, in multiple aircraft acquisitions and back-leverage transactions

  • $655 million aircraft-backed securitization (ABS) of 27 aircraft; the first aircraft ABS to close following the emergence of COVID-19

  • Migration of a portfolio of 40 aircraft onto the Global Aircraft Trust System (GATS), the largest single migration onto the GATS to-date

  • Irish aircraft leasing company on the establishment of a $3 billion aviation leasing platform formed through a joint venture with a U.S. investment management firm

  • Syndicate of lenders providing a $3 billion warehouse facility to allow Global Jet Capital to, among other things, acquire a 350 aircraft business jet leasing portfolio from General Electric and representing Deutsche Bank as underwriter of multiple ABS transactions used to refinance that facility

  • Canadian pension and insurance fund manager as investor in a sidecar joint venture with an Irish aircraft leasing company, establishing a new $2 billion aircraft leasing platform

  • $515 million ABS of 79 aircraft; the first of the new generation ABS to close following the global financial crisis

  • Shareholders and management on the creation of Elix Aviation Management, a brand new aircraft management platform within the Elix Aviation group

  • Underwriters on the securitization of a $971 million loan portfolio secured by 159 aircraft

Credentials

Education

  • Trinity College Dublin, L.L.M., with honors, 2003
  • University College Dublin, B.C.L., with honors, 2002

Admissions

  • New York
  • England & Wales
  • Ireland

Expand All

Recognitions

  • Chambers USA, Transportation: Aviation: Finance (Nationwide), 2023–2026
  • JD Supra Reader’s Choice Awards, Top Author – Transportation, 2023
  • Chambers Global, Asset Finance (Global Market Leaders), 2025 and 2026; “Foreign Expertise Based Abroad in Ireland Spotlight,” in Banking & Finance (Ireland), 2026; “Spotlight” in Banking & Finance: Asset Finance (Ireland), 2025, “Foreign Expertise Based Abroad in USA,” in Banking & Finance (Ireland), 2024; Banking & Finance (Ireland), 2022
  • Chambers and Partners, “Up and Coming Partner,” 2020 and 2021
  • Chambers and Partners, “Foreign Expert in New York Law,” 2020 and 2021
  • Legal 500 U.S., “Next Generation Partner” in Transport: Aviation and Air Travel: Finance, 2023–2026; Transport: Aviation and Air Travel: Finance, 2022; Finance: Commercial Lending, 2023 and 2026
  • Legal 500, “Next Generation Partner,” 2021
  • Legal 500, “Rising Star,” 2020
Insights

Articles

Structural Innovation: Master Trusts in Aircraft ABS Transactions

Overview The aviation asset-backed securitization (ABS) market continues to strengthen. Aviation ABS activity in 2025 exceeded US$10.3 billion in public …

January 15, 2026 • Demi Hueth and David Berkery outline how the aviation ABS market exceeded $10.3 billion in 2025 and introduced a key structural innovation: the master trust. This flexible structure enables issuers to finance multiple aircraft portfolios over time from a single trust, improving efficiency and lowering costs. As investor familiarity with identified and blind pools increases, master trusts are positioned for continued use in 2026 and beyond.

January 15, 2026 • 4-minute read

Client Alerts

Avianca Holdings: Second Circuit’s “Billing Date” Approach to Fixed-Schedule Lease Payments in Bankruptcy Stands after U.S. Supreme Court Declines Challenge

On November 17, 2025, the U.S. Supreme Court declined to hear a challenge to the Second Circuit’s decision affirming that Avianca Holdings S.A. (“Avianca”) was required to pay in full certain fixed-schedule obligations related to brokers’ commissions under unexpired aircraft leases which came due during Avianca’s chapter 11 bankruptcy process (the “Chapter 11 Cases”).

December 16, 2025 • V&E Restructuring & Reorganization Update

December 16, 2025 • 5-minute read

Airline Economics Growth Frontiers Conference Background Image

Client Alerts

Practice Leader Insights From Vinson & Elkins’ David Berkery

In this Law360 U.K. Expert Analysis series, practice group leaders share thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area.

September 9, 2025 • Published by Law360

September 9, 2025 • 1-minute read

Client Alerts

Global Tariffs: Implications for the Aviation Industry

The tariff policy implemented by the Trump administration in April 2025 marks a significant shift for the aviation sector by ending long-standing duty-free status in aircraft trading.

May 21, 2025 • V&E Aviation Finance Update

May 21, 2025 • 3-minute read

Industry - Airlines and Aviation

Client Alerts

Aviation Finance: The Outlook for Business in 2025

As global passenger demand surges back to pre-pandemic levels, the aviation finance sector finds itself at a pivotal crossroads. Lower interest rates are sparking renewed activity, the aircraft ABS market is rebounding, and supply chain challenges continue to reshape priorities.

January 9, 2025

January 9, 2025 • 1-minute read

Industry - Airlines and Aviation
News & Achievements