Allen & Overy has advised Aurum Leasing Limited ("Aurum") in a sale and leaseback transaction relating to two Boeing 737-800 aircraft with Dubai Aviation Corporation, (trading as “flydubai”).

Commenting on the transaction, global head of structured asset finance Mario Jacovides said: "Aurum is a new entrant to the aircraft leasing space and we are very pleased that they turned to us to advise on their first transaction. This is one of many deals we have executed in the Middle East in recent years. Our renowned expertise is what sets us apart and enabled us to complete this matter efficiently."

Mario Jacovides led the deal from London with support from senior associate Donal Keane and partner Christian Saunders and senior associate Ellis Lawson advised from Dubai and Abu Dhabi respectively.