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02 Mar 2026

McCann FitzGerald Advises High Ridge Aviation on $603.17M Aircraft Asset-Backed Securitisation

"McCann FitzGerald LLP advised High Ridge Aviation Limited on its first managed fund’s $603.17 million fixed‑rate notes offering — an asset‑backed securitisation issued by Phantom 2026‑1 Aviation Limited and Phantom 2026‑1 Aviation LLC. The deal is secured by a 16‑aircraft portfolio with an initial appraised value of US$718 million (weighted average age 4.1 years), leased to nine lessees across nine countries. The firm acted as lead transaction counsel to High Ridge (handling the aircraft restructuring) and as special Irish counsel to Phantom 2026‑1, with a team led by Ian Payne and including Colm Fanning, Rachel Fitzsimons, Stephen Lahert, Kelsey Ahern and Emma Taheny."

McCann FitzGerald LLP acted as lead transaction counsel to High Ridge Aviation Limited and also served as special Irish counsel to Phantom 2026-1 Aviation Limited and Phantom 2026-1 Aviation LLC in the transaction. The deal was a $603,170,000 fixed‑rate notes offering — an asset‑backed securitisation of Phantom 2026-1 Aviation Limited and Phantom 2026-1 Aviation LLC — secured by a portfolio of 16 aircraft with an initial appraised value of US$718 million, a weighted average age of 4.1 years, and leases to 9 lessees across 9 countries; it was High Ridge Aviation’s first managed fund issuance. The McCann FitzGerald team comprised Ian Payne (team lead), Colm Fanning, Rachel Fitzsimons, Stephen Lahert, Kelsey Ahern and Emma Taheny. The press release identifies Ian Payne as leading the team; no further seniority titles or practice‑area details were provided in the release.
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