KG Law Firm Advised on Several Aviation Transactions
February 2025
The Aviation practice of our member firm Kyriakides Georgopoulos Law Firm has advised on several significant aviation transactions over the past few months.
Led by Claire Pavlou, Partner, alongside Amalia Pantazi, Senior Associate, and Electra Livani, Junior Associate, the firm acted as Greek legal counsel to major international aviation investors - ICBCIL, Aviation Capital Group, Castlelake, High Ridge Aviation - on the sale and lease novation of A321N and A320N Airbus aircraft, under lease to leading Greek airlines.
KG Law Firm remains committed to assisting clients in navigating…
BOYANOV & Co. Advised Aurelius Group on the Acquisition of Lufthansa’s Catering Operations in Bulgaria
November 2023
BOYANOV & Co. advised Aurelius Group on the Bulgarian legal aspects in the acquisition of the Bulgarian part of the Lufthansa Group catering business. The Star Alliance carrier initially sold LSG Group’s European business activities to Gategroup in 2019 and then struck a preliminary agreement to sell the remainder of LSG to Aurelius in April this year.
The sale, formally completed on 31 October, comprises all the group’s classic catering activities along with its on-board retail and food commerce businesses. It includes a total of around 19,000 employees worldwide and…
Nis Airport to Expand
November 2021
The company Aerodromi Srbije has published the tender for the expansion of the terminal building at the Nis Constantine the Great Airport. The estimated value of the project is RSD 1.4 billion. The deadline to apply is 30 January 2021.
Concession for the Construction of Vlora Airport
The Albanian Ministry of Infrastructure and Energy has opened tender procedures for the construction of Vlora Airport
The Concession Period at Plovdiv Airport Extended for a Third Time
At the end of February 2020, the Council of Ministers of Bulgaria approved the opening of a new concession procedure for Plovdiv Airport.
Possible Exit of Etihad from Air Serbia
The Minister of Construction, Transportation and Infrastructure announced that the state may increase its share in the national carrier to help its recovery from the financial crisis caused by the Coronavirus pandemic.
The Serbian state holds 51% in Air Serbia while Etihad Airways has the remaining 49%. Air Serbia is currently facing deadlines for repayment of two loans to Etihad in the amount of around USD 120 million. Air Serbia launched negotiations with Etihad on repayment of the loans, requesting write-off of the major portion of the debt. In the meantime, the Serbian Minister of Finance,…
New Albanian Air Code Adopted to Reflect EU and ICAO Requirements
The Albanian Parliament recently enacted a new Air Code effective as of 22 August 2020 (Law 96/2020, Official Gazette No. 146, dated 7 August 2020).
KDK Law Firm's First Competition Quarterly Bulletin
Kolcuoglu Demirkan Kocakli Law Firm is publishing its first quarterly bulletin, where the developments in the area of Competition Law in Turkey will be summarised and recent notable decisions of the Competition Board will be highlighted on a quarterly basis.
Adria Airways Airline in Bankruptcy
Adria Airways was the flag carrier of Slovenia, operating scheduled and charter services to European destinations. The company filed for bankruptcy on 30 September 2019 with debts reported at about EUR 90 million. Slovenia's Economic Development and Technology Minister said that an option to set up a new airline within a few months in order to maintain important air links was being studied.
Ongoing Restructuring of the Large State-owned Enterprises
The ongoing restructuring of the large state-owned enterprises in Serbia may lead to further transactions.
A Successful Notification of Concentration by Maric & Co Law Firm
Dzana Smailagic-Hromic and Ezmana Turkovic, partners at Maric & Co Law Firm have successfully prepared a joint notification of concentration between LG Electronics Inc, Seoul, South Korea and their client Lufthansa Technik AG, Hamburg, Germany and filed it to the Bosnian Competition Council.
The Bosnian Competition Council has decided that the concentration is compatible with the market.
Upcoming Tender for a New Operator of Maribor Airport
In January 2019, the Slovenian airport operator Aerodrom Maribor, owned by the Chinese-controlled SHS Aviation, announced the unilateral termination of its concession deal for the Edvard Rusjan Maribor Airport.
SHS Aviation, the Chinese-controlled company bought Aerodrom Maribor at the end of 2016 for EUR 7 million and signed a 15-year concession contract with the state in early 2017, committing to pay a monthly concession fee in the amount of EUR 100.000.
The contract will cease to be valid after a six-month notice period, i.e. on 15 July 2019.
The Slovenian Ministry for Infrastructure is expected…
