ARIFA, Interlaw’s partner firm in Panama, has acted as joint counsel to ORIX Aviation Systems Limited, as seller, and Aircastle (Ireland) Designated Activity Company, as purchaser and new lessor, in connection with the sale and lease restructuring of one Boeing 737-8V3 aircraft operated by Copa Airlines.

The ARIFA team’s work included drafting and negotiating all transaction documents, providing comprehensive advice on Panamanian tax and regulatory matters, and coordinating all closing logistics with Copa Airlines. It also handled post-closing filings and registrations to ensure the transaction’s compliance and enforceability under Panamanian law.

ARIFA’s lead partner was Pilar Castillo, co-head of the firm’s transportation, maritime and aviation group. The transaction showcased ARIFA’s expertise in complex cross-border aviation matters and reinforced its continued role in supporting the regional growth of aircraft leasing and finance.