Stephenson Harwood Advises Indonesia's Lion Air on $24 Billion Plane Order
Singapore partner Paul Ng has advised the discount carrier on several major aircraft orders.
By Tom BrennanMarch 20, 2013Originally published on International
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Stephenson Harwood has advised Indonesia’s Lion Air on a $24 billion order for aircraft from Airbus SAS.
The discount carrier will purchase 234 Airbus A320 and A321 aircraft. The deal was signed in Paris at a ceremony attended by French President François Hollande.
The increased fleet will be used to meet Lion Air’s expansion plans in Indonesia and throughout Southeast Asia, Airbus said in a statement.
Singapore partner Paul Ng, head of Stephenson Harwood’s global aviation practice, led the team advising on the deal. Negotiations for Airbus were handled by the firm’s in-house team.
Ng also represented Lion Air on a similar deal announced in late 2011, when the company paid $21.7 billion for 230 Boeing 737s. He also acted for the airline on an earlier $3 billion order for 737s in 2007, when he was a partner
Freshfields Bruckhaus Deringer in Hong Kong.
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