Blueberry Aviation has recently delivered the last of eleven ATR72-600 aircraft to U.S. lessor Jetstream Aviation Capital. The delivery marks the completion of a repossession and remarketing project which started in 2021 following Avianca’s Chapter 11.
Blueberry Aviation was mandated by the French and Italian Export Credit Agencies (ECAs) to support the negotiation with the airline and manage the full repossession project. This included the on-site physical and records inspections as well as the valuation of the fleet, recovery from three different countries, ferry to and storage in France, managing the aircraft insurances as well as the remarketing and redelivery of the entire fleet to its new owner.
Allen & Overy acted as legal advisor to the ECAs.
