Lease Finance

Chris Leeds, heads up our funding team. Chris spent 11 years as an aviation finance specialist at Bank of Tokyo-Mitsubishi UFG (BTMU) and before that for 12 years with ECGD, the UK’s official export credit agency. There he was Head of Country Policy for Europe and sub-Saharan Africa for 5 years and the Director heading the Aerospace and Defence team for 6 years.

Chris has huge experience in winning and closing deals with intense timescales and complex competing interests, with particular expertise in sourcing commercial and ECA debt for both airlines and operating lessors and high level industry contacts in all areas of aviation finance on a worldwide basis. Contact Chris on:

Our cross-border asset finance and leasing practice focuses on the financing of a wide range of aviation assets We deliver these services through a variety of complex structures, including off-balance sheet operating leases, leveraged leases, export credit finance and asset backed securitisations. Our skills are applied to optimise the tax benefits of financing structures and to obtain, where possible, a beneficial off-balance sheet or tax treatment ranging across the entire spectrum of transactions in this area.

“Our associated network includes finance, leasing and tax specialists and it operates on a global cross-border basis. So whether you are looking at commercial, VIP or ex-military on a wet or dry lease (ACMI) basis either fixed wing or rotored –  then we are always happy to discuss your aviation lease requirements.”


Our Services

Our asset finance and leasing expertise is developed not only through transactional work but also through product development sessions with banks and other financial intermediaries. Our expertise encompasses domestic and cross-border structures and extends to project finance, securitisations, debt repackagings and cross-border issues of securities having the characteristics of both debt and equity and PFI.

The following are some of the areas in which we regularly advise:

Leveraged Leasing

Following the demise of most crossborder leveraged lease structures in recent years, few tax structured products remain available; we advise on the structuring and documenting of French leveraged leases and we have substantial experience of domestic and cross-border tax lease transactions involving aircraft and rolling stock.

Japanese Leases

We document and advise on limited recourse structured Japanese operating leases which remain a significant source of cross-border aviation financing.

Private finance initiative

We are actively involved in ground breaking financing structures for the largest military procurement programmes in various European jurisdictions.


In a fast changing industry where large industrial operators tend to raise finance more and more from the capital markets, as opposed to traditional loan based facilities, we use our combined expertise in asset finance and capital markets to design innovative structures involving the issuance of asset backed securities.

Export Credit Agencies

We have been involved in a wide range of export credit financing,

Operating Leases

We represent various major operating lessors from the US, Europe, the Middle East and Asia Pacific in connection with the leasing of commercial aircraft and aircraft engines.

Vendor Programs

We regularly advise major financing companies in relation to pan-European vendor programs involving the financing or re-financing of large inventories and trade receivables for a wide variety of small to medium ticket equipment.


For any wet lease finance or dry lease finance – please call +44 203 3030030


IAG would like to thank all of you who visited our stand at Dimdex - and we look forward to meeting up again in the near future.

IAG – Jakarta

IAG has now appointed official agents for Indonesia

Business Development Managers

IAG are looking for business development managers and partners - please email:

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