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Vedder Thinking | News Vedder Price Awarded "Most Innovative Deal 2018" Award for Thunderbolt II

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Vedder Price is pleased to announce that our Global Transportation Finance team received the "Most Innovative Deal of 2018" award at Ishka's Aviation Finance Festival in Dublin in June for its innovative work on a $575.4 million ABS. 

The Vedder Price team acted as counsel to ITE Management as the anchor equity investor in Air Lease Corporations's Thunderbolt II ABS. The ABS was backed by a portfolio of 18 narrowbody and widebody jet aircraft on lease to 16 lessees based in 15 countries. The deal included a traditional capital markets offering of two series of fixed rate notes and equity in the form of Aircraft Portfolio Shares (APS), comprised of 90% Global Aircraft Portfolio Shares (GAPS) and 10% Certificated Aircraft Portfolio Shares (CAPS), purchased by an investment vehicle controlled by ITE Management. The innovative equity structure created a broadly distributed asset that is more tradeable than the traditional E notes in an aircraft ABS.

The Aviation Finance Festival is an annual gathering for senior aviation finance professionals to connect and address emerging trends and risk facing global aviation finance market. The "Most Innovative Deal of 2018" award was just one of just twelve global deal of the year awards presented by Ishka.


Michael E. Draz


Matthew P. Larvick


Kevin A. MacLeod


Jeffrey T. Veber