CRIDO Legal advised Avenger Flight Group entering the Polish market and establishing a joint venture with Enter Air. The joint venture will be the operating in aviation sector.
Avenger Flight Group was founded in 2012 in Fort Lauderdale, Florida with the objective of providing affordable training solutions to airlines in constant growth. Through its, boutique-style, low-cost model, and high degree of agility; AFG has become the biggest privately-owned training organization in the Americas. With 10, owned and operated, training centers in 6 different countries, AFG offers Full Flight Simulator (FFS) training to a vast variety of airlines ranging from Ultra Low-Cost carriers to major airlines in USA, Mexico, Latin America and Europe. AFG’s flexibility and agility to execute different styles of contracts have allowed the company to establish numerous long-term relationships. Learn more at www.afgsim.com.
CRIDO Legal was involved in this transaction from its beginning, namely from the negotiations on the terms and conditions, through the phase of structuring the joint venture, as well as preparing and negotiating the transaction documentation, to the close of the transaction and financing.
Elsa Gagnon - Senior Vice President and General Counsel of Avenger Flight Group said: “We appreciate the support of Crido’s lawyers and advisers within this transaction. They demonstrated thorough knowledge and commitment in this project. Thanks to Crido, we had one adviser covering all tax and legal issues related to the transaction.”
“The transaction will enable Avenger Flight Group to expand throughout Poland and CEE. We are delighted that Avenger Flight Group entrusted us its first investment on the Polish market,” – says Mateusz Baran – Partner at Crido Legal.
Mateusz Baran (Partner) managed the team of lawyers advising on the transaction from CRIDO Legal, while Marzena Lau (Senior Associate), supported by Witold Gwizdek (Associate) were involved in the negotiations on the transactional documentation and Joanna Winter-Szymańska was responsible for the negotiation of lease agreement. CRIDO’s tax team was Jakub Jaros (Manager VAT) supported by Anna Getka-Juśkiewicz and Soren Godniak (Manager CIT) supported by Tomasz Koterbski.
Enter Air was supported by the law firm DWF Poland Jamka sp.k. Michał Pawłowski (Managing Partner) was the team leader.
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