Edward K. Gross is a Shareholder at Vedder Price and a member of the Global Transportation Finance team. He established the firm’s Washington, DC office and has over 25 years of experience representing bank-affiliated and large, independent equipment financing companies in all aspects of equipment finance transactions, including documenting, structuring, negotiating, syndicating and enforcement. Mr. Gross handles all types of equipment finance matters and structures, including single-investor, leveraged financings, true/tax motivated leases, synthetic leases, TRAC leases, "bundled" and other vendor-originated financings, and domestic and cross-border financings, primarily for transportation equipment, but also for the following types of equipment: manufacturing and assembly line, construction and drilling, energy-related and other facilities, medical and health-related facilities, computers and software, telecommunications and other high-tech equipment, trucks and trailers, modular units and FF&E.
Mr. Gross is considered an industry leader in business aircraft finance, especially jet aircraft and helicopters. These transactions vary in structure and include tax and non-tax lease and secured loan financing of managed and/or chartered aircraft, air taxi and air ambulance fleet and engine pools, and aircraft operated under fractional and "pay card" arrangements. Clients include large publicly or privately held businesses, governmental entities or high-net-worth individual users. Many of these transactions involve foreign registered aircraft. Many clients rely on Mr. Gross in syndication transactions, including large portfolio purchases, "one-off" sales and assignments, discounting, back-leveraging and participation transactions. He has prepared equipment lease, loan and syndication forms for many of the most active financing providers in the industry. Working with Vedder Price’s well-regarded bankruptcy and creditors’ rights practice, Mr. Gross has assisted financing providers, including various creditor groups, with workout, restructuring, bankruptcy and enforcement matters. He also serves as a member of the Steering & Drafting Committees of the Aviation Working Group/Industry Consultative regarding Non-Citizen Trusts.
Mr. Gross has been selected for inclusion in numerous editions of Who's Who Legal’s The International Who's Who of Aviation Lawyers. In the 2013 edition of that publication, Mr. Gross is named one of the top 500 aviation lawyers in the world, and is cited as “a go-to lawyer for finance, insolvency and restructuring…well-respected by commercial clients.” In 2013, Mr. Gross was ranked in Chambers USA in the Nationwide Banking & Finance: Equipment Finance & Leasing category. He was also named in Washington, DC Super Lawyers (2007–13) and has been listed in The Best Lawyers in America and The Legal 500. Mr. Gross was elected as Fellow to the American College of Commercial Finance Lawyers in 2011, and elected as Regent to the College in 2012. He has been recognized by the Equipment Leasing and Finance Association (ELFA), receiving the Distinguished Service Award in 2008 and ELFA’s Legal Committee Edward A. Groobert Excellence in Leasing Award in 2011. A client respondent in Airfinance Journal’s 2011 Guide to Aviation Lawyers mentions, “Vedder Price can turn a deal in a day or two if necessary. Ed Gross is our go to person for time-sensitive matters.” He also was named in Euromoney’s Expert Guides “Aviation Guide” in 2013.