Taylor English Advises on $8 Billion Deal for Russian Airlines
Deal is Largest Cargo Aircraft Order in Boeing's 100-Year History
Moscow, Russia and Atlanta, Georgia, U.S.A., July 14, 2016.
Taylor English Duma LLP served as outside legal counsel to Russia’s Volga-Dnepr Group on its agreement to acquire 20 Boeing 747‑8F aircraft worth $8 billion. Based in Moscow, Volga-Dnepr Group is a consortium that owns, operates, and manages several cargo airlines.
The deal – announced July 12, 2016 at the Farnborough Air Show – is a landmark transaction. It represents the largest cargo/freighter aircraft order in Boeing’s 100‑year history, and will make Volga-Dnepr Group the largest Boeing 747‑8F operator in the world.
“We were honored to serve as legal advisors on this complex transaction,” said Mr. Strauss. “Volga‑Dnepr is a bold and successful enterprise, and we were glad to help facilitate this expansion of their business.”
Mr. Little added: “Working on a deal that helped to extend the production life of one of the world’s most iconic aircraft was a great professional experience. This order ensures that the 747 program – whose future was reportedly in doubt – will continue into the future.”