Announcements Maples Group Enhances Offering with Irish Owner Trustee Services for Aircraft Assets
24 Nov 2020
Owner trust structures offer a number of distinct advantages to the transaction parties, most notably ease of trading compared to a typical novation transfer (with associated time and costs savings) and facilitation of aircraft registration in certain jurisdictions. As aviation industry participants become more familiar with the use of trusts, and aircraft trading volumes continue to grow as leased aircraft constitute a greater percentage of the global fleet, the use of owner trust structures in aviation deals is expected to become increasingly prevalent.
With over two decades in the marketplace, the Maples Group's fiduciary services team brings an unmatched depth of experience, backed by a strong infrastructure of policies and procedures, including SOC1 accredited systems, in line with industry best practices, to support the needs of the aviation sector. With over 460 professionals in Ireland, a hub for the global aviation industry, the Maples Group has a well-developed perspective on market trends and provides cutting-edge products and structuring options. The introduction of Irish owner trustee services reaffirms the Maples Group's position as a market leader in the space, while further affording clients tailored solutions to meet their specific needs. The Maples Group's owner trustee service enables an aircraft owner to transfer legal title in an aircraft or aircraft related asset to a professional trustee, while continuing to retain beneficial ownership in the asset.
"The provision of Irish owner trustee services, and the specific ability to act in this trustee capacity, is a natural complement to the Maples Group's comprehensive fiduciary and legal services offering," said Stephen O'Donnell, Regional Head of Fiduciary – Europe. "Across the Group, we frequently support our clients with respect to transactions involving trusts and this enhancement to our offering ensures we remain best-positioned to continue delivering the solutions required to meet their needs."
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