Ariella Stepanian is an associate in the New York office of Milbank LLP and a member of the firm’s Transportation and Space Group.
Primary Focus & Experience
Ms. Stepanian advises buyers and sellers, financial institutions, issuers, underwriters, lenders, lessors and operators in a wide range of international financial and corporate transactions in the aviation, transportation and infrastructure sectors. Her experience includes mergers and acquisitions, loyalty points financings, securitizations, secured and unsecured lending, cross-border financings and structured financings. Ms. Stepanian has advised on numerous award-winning transactions recognized by industry publications.
Ms. Stepanian’s experience includes advising:
- Sun Country Airlines in connection with its previously announced approximately $1.5 billion cash and stock acquisition by Allegiant (NASDAQ: ALGT).
- Apollo and Brookfield on the acquisition of Air Lease Corporation (renamed Sumisho Air Lease Corporation).
- Castlelake on the sale of a $5 billion aircraft portfolio to Avolon.
- Dubai Aerospace Enterprise (DAE) Ltd on the acquisition of a 64 aircraft portfolio from CALC.
- Apollo Global Management in connection with the €1.5 billion investment by Apollo-managed affiliated entities into an Air France-KLM operating affiliate related to Air France and KLM’s joint loyalty program (Flying Blue).
- Carlyle Aviation Partners on the approximately $2.36 billion acquisition of Fly Leasing Limited.
- Maverick Aviation Partnership, an investment vehicle managed by Carlyle Aviation Partners, in connection with the acquisition of AMCK Aviation’s portfolio of aircraft valued at $4 billion.
- the initial purchasers in connection with a $1.11 billion notes offering by Grupo Aeroméxico.
- Blackstone Credit & Insurance on a $7 billion consortium investment in Sempra Infrastructure Partners’ Port Arthur LNG Phase 2.
