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Niels Jensen
Niels Jensen
Partner — Finance
Partner — Finance

Niels Jensen

Niels Jensen
New York

The Grace Building
1114 Avenue of the Americas
32nd Floor
New York, New York 10036

start quote symbolNiels is a huge contributor to the success of his clients. He has worked on many first-of-their-kind transactions and is also at the forefront in developing solutions to complex issues. (Airfinance Journal - Guide to Aviation Lawyers 2020)end quote symbol
Niels Jensen

Experience Highlights

  • Underwriters and arrangers in American Airlines’ “Big Bang” $4.5 billion recapitalization involving the offering of senior secured notes, convertible notes and new equity; Recognized as “Recapitalization Deal of the Year” by Airline Economics in 2021

  • Underwriter in SOLRR 2021-1, a $707 million aircraft-backed securitization serviced by Stratos and Altavair and the first aircraft ABS with two unaffiliated servicers

  • Note purchasers in a $1 billion bond issuance by American Airlines, one of the first airline financings to significantly leverage brand and trademark intellectual property; The transaction was the largest private placement in the US by any investor in the airline market at the time and was recognized as “Innovative Deal of the Year” by Airfinance Journal in 2020

  • Sponsors and servicers on JOL Air 2019-1, the first aircraft-backed ABS combining a debt securitization with a Japanese operating lease structure; Recognized as “ABS Deal of the Year” by Airfinance Journal in 2019

  • Underwriters in American Airlines’ 2019-1 Engines EETC, the airline’s first broadly distributed private placement engine EETC; Recognized as “EETC Deal of the Year” by Airfinance Journal and as “Americas Debt Deal of the Year” by Airline Economics in 2019

  • Underwriters in LUNRR 2020-1, a $409 million aircraft-backed securitization serviced by DVB

  • Underwriters in SAPA 2020-1, a $620 million aircraft-backed securitization and equity offering serviced by Avolon; Recognized as “Overall Capital Markets Deal of the Year” by Airfinance Journal in 2020

  • Underwriters in the START 2018-1, START 2019-1 and 2019-2 aircraft-backed securitizations and equity offerings serviced by GECAS; START 2018-1 was the first aircraft ABS that sold equity in a 144A/Reg S format and was recognized as “ABS Deal of the Year” by Airfinance Journal in 2018

  • Underwriters in the Horizon 2018-1, 2019-1 and 2019-2 aircraft-backed securitizations and equity offerings serviced by BBAM; Horizon 2019-2 was the first aircraft-backed ABS featuring tradable equity certificates offered to passive equity investors without an anchor investor; Recognized as “ABS Equity Deal of the Year” by Airfinance Journal in 2019

  • Underwriters in Falcon 2019-1, a $514 million aircraft-backed securitization and equity offering serviced by Dubai Aerospace

  • Equity investors in Sapphire 2018-1, a $768 million aircraft-backed securitization serviced by Avolon

  • Equity investors in Falcon 2017-1, a $410 million aircraft-backed securitization serviced by Dubai Aerospace

  • Underwriters in KDAC 2017-1, a $723 million aircraft-backed securitization serviced by DVB

  • Underwriters in S-Jets 2017-1, a $871 million aircraft-backed securitization serviced by Sky Leasing

  • Lenders in Titan’s warehouse facility secured by freighter aircraft, which was structured and closed during the COVID pandemic; Recognized as “Freighter Finance Deal of the Year” by Airline Economics in 2021

  • Lenders in Castlelake’s warehouse facility to finance aircraft leases and aircraft loans, one of the first facilities financing both aircraft leases and aircraft loans

  • Lenders in a warehouse facility secured by passenger aircraft for funds managed by Sculptor Capital Management

  • Lenders in five separate warehouse facilities secured by aircraft for funds managed by Sky Leasing

  • Lenders in two innovative warehouse facilities secured by end-of-life aircraft for entities owned by Aero Capital Solutions, one of which was recognized as “Editors’ Deal of the Year” by Airfinance Journal in 2018

  • Lenders in a warehouse facility secured by aircraft for Stellwagen

  • Underwriters and investors in Air Canada’s EETC offerings, Series 2015-1, 2015-2, 2018-1

  • Underwriters in Alaska Airlines’ EETC offering, Series 2020-1

  • Underwriters and investors in American Airlines’ EETC offerings, Series 2015-1, 2015-1C, 2015-2, 2016-1, 2016-2, 2016-2B, 2016-3, 2016-3B, 2017-1, 2017-1C, 2017-2, 2017-2B, 2017-2C, 2011-1B(R), 2019-1 (engines), 2019-1C (engines), 2019-1, 2012-B(R), 2020-1 (super C) and 2021-1

  • Underwriters in British Airways’ EETC offering, Series 2020-1

  • Underwriters and investors in Delta Air Lines’ EETC offerings, Series 2019-1, 2019-1B, 2020-1 and 2020-1B

  • Underwriters in JetBlue’s EETC offerings, Series 2019-1 and 2020-1

  • Underwriters and investors in LATAM Airlines’ EETC offerings, Series 2015-1 and 2015-1C

  • Underwriters in Norwegian Air Shuttle’s EETC offering, Series 2016-1

  • Underwriters in United Airlines’ EETC offerings, Series 2015-1, 2016-1, 2016-1B, 2016-2, 2016-2B, 2018-1 and 2019-1

  • Large private equity fund in a $650 million senior secured direct lending facility provided to a maintenance, repair and overhaul provider

  • Arrangers and agent in a syndicated $1.5 billion senior secured term loan facility for Delta Air Lines secured by slots, gates and routes collateral

  • Lenders in a $500 million senior secured 364-day facility for Air Canada

  • Arrangers and agent in a syndicated $450 million senior secured term loan facility for Allegiant

  • Brazilian airline in a $250 million senior secured term loan facility provided by Delta Air Lines

  • Arranger and agent in a syndicated $850 million senior secured term loan for United Airlines

  • Underwriters in a $2.5 billion notes offering by American Airlines secured by slots, gates & routes collateral

  • Purchasers in a $200 million notes offering by American Airlines secured by a second lien over slots, gates & routes collateral

  • Underwriters in a $3.5 billion notes offering by Delta Air Lines secured by slots, gates and routes collateral

  • Aircraft lessor in connection with its recapitalization

  • EETC certificate holders and claim holders in LATAM Airlines Group’s chapter 11

  • JCPenney’s first-lien lender group in the structuring of a liquidating trust for the retail and distribution center properties received by the group in JCPenney’s chapter 11 proceeding

  • One of Europe’s leading private equity firms on its sale of AWAS to Dubai Aerospace

  • Global investment management firm focused on the aviation industry on its acquisition of Chinese-owned aircraft leasing business

  • An end-of-life aircraft asset manager in connection with the creation of a new joint venture

Credentials

  • Vanderbilt University Law School, J.D., 2011 (Vanderbilt Law Review, Editor)
  • Belmont University, B.B.A., cum laude, 2007
  • Legal 500 U.S., Transport: Aviation and Air Travel: Finance, 2022
  • Selected to the New York Rising Stars list, Super Lawyers (Thomson Reuters), 2022
  • Airfinance Journal, Rising Star, 2020
  • New York
  • German (fluent)
  • “How to Kill the Scapegoat: Addressing Offshore Tax Evasion with a Special View to Switzerland,” 63 V and. L. Rev. 1823, November 23, 2010