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Latin-America Guide

Aviation — Mexico

Overview

MEXICO: An Introduction to Aviation Contributed by Carlos Sierra, Abogados Sierra

Since the current federal government took office five years ago, a number of important structural legal reforms have been approved by the Mexican Congress, and are now in full force and effect. These reforms address substantial structural changes in education, energy, telecommunications, taxation and the financial sector. The reformed labour law, the new amparo law, and the law for the prevention of money laundering have also been approved. These reforms invite foreign capital to invest in Mexico, and are most certainly having a positive effect on the Mexican economy, with the highest foreign investment in recorded history, for the first semester of 2016, given the latest official information at the time of this publication.

Regarding the aviation sector, the amendment under discussion for the adoption of the Qualifying Declarations of the Cape Town Convention and Protocol, in line with the 2011 Aircraft Sector Understanding of the OECD, should increase competitiveness and certainty among financiers and lessors of aircraft, and also generate substantial growth in the Mexican aviation industry. The recent implementation of the new bilateral air service agreement with the United States has eliminated some of the previous agreement restrictions, now permitting the fifth and seventh freedom of the air for cargo and eliminating pre-established numbered frequencies on passenger routes. The bilateral air service agreement will increase the number of operations and generate more competition and substantial growth in the Mexican market.

These and other changes adopted in recent years have created a much friendlier atmosphere for investors, clients and industry players in general. The aviation industry in Mexico has diversified from the collocation of aircraft assets in the jurisdiction through elaborate financial schemes to the development of aviation-related education centres focused on all levels, from technical services, manufacturer training, infrastructure and equipment technology to engineering programs and master programs. The thriving manufacturing sector dedicated to aircraft and high-technology parts and components has substantially developed and is now thriving, with a growth rate of over 20% in the last five years, bringing development to central states and creating numerous jobs for highly qualified technicians.

The concurso mercantil and the bankruptcy of Mexicana Airlines reshaped the Mexican aviation industry. Stronger and better financed airlines service Mexican air space. Numerous aircraft have been acquired since 2011 through different leasing and financing schemes. More sophisticated structures are becoming available and numerous lessors and financiers are active and willing to participate in the Mexican market.

To highlight certain features of Mexican law that are relevant to aircraft operators and financiers, it is useful to note that the use and exploitation of the Mexican airspace is of federal jurisdiction, for which any controversies related to the operation of aircraft would be resolved by federal courts. As for the registration of aircraft, in accordance with the regulations of the Mexican Aeronautic Registry, aircraft to be operated in Mexico must bear Mexican registration marks. The registry could authorise the lease of foreign-registered aircraft by eligible Mexican air carriers. Over the past years, the Mexican registry has controlled the registration of aircraft with a foreign registry, limiting this to no more than 50% of an air carrier's fleet.

The freedom of the parties to choose the governing law of their contractual relationships is fully recognised in Mexico. As for security interests, interests subject to foreign law and jurisdiction would be recognised and enforceable in Mexico. It must be noted that under Mexican law, a foreign judgment would not be enforceable when it is dictated as a consequence of the exercise of an in rem action. In order to register a security interest in Mexico in respect to an aircraft, even if it is constituted under foreign law, it must be constituted in respect of aircraft bearing Mexican registration. An interest registered at the International Registry of Mobile Assets would be enforceable in Mexico.

In regard to repossession of aircraft, there are no self-help remedies available in Mexico. To recover possession of an aircraft, it is necessary to obtain a favourable order from a competent court. Court proceedings in Mexico generally involve two stages (first instance and appeal, with the additional possibility of amparo as a special procedure regarding constitutional matters); duration of proceedings could generally take between 12 and 18 months. Contractual relationships would be resolved through ordinary commercial proceedings; the enforcement of títulos de credito (credit instruments) such as promissory notes, in rem securities and interests, and other public instruments can be enforced through executive commercial proceedings, which are more expeditious and permit the cautionary attachment or seizure of assets subject to final judgment.

With respect to taxes, the applicability thereof would depend on the place of residence of the parties to a transaction and of the legal act being considered conducted within Mexican territory, meaning the location of goods at the time of effective delivery. Mexico follows the principle of worldwide income for taxation purposes of Mexican tax residents. In the leasing of aircraft, VAT would be applicable to rent payments when the transaction is considered to have occurred within Mexican territory. This would be the case when material delivery of the asset is conducted within Mexican territory. As for income tax, it must be considered whether the recipient of the revenue is a tax resident of Mexico or whether such transaction is considered to have taken place within Mexican territory. The transfer of title between two foreign residents is not taxable in Mexico regardless of the location of the aircraft. A withholding tax is applicable to rent payments paid to foreign residents at a rate of 5% in relation to aircraft that have been temporarily imported to Mexican territory for air carrier purposes, which is subject to a further deduction based on the proportional share of the average annual expenditure.

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Ritch, Mueller, Heather y Nicolau, S.C. - Aviation

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Band 1

第一等

Commentary from the Chambers Latin America guide

Basic facts about the department
Heads of department: Federico Santacruz González and Octavio Olivo Villa
- 2 partners
- 1 other qualified lawyer

What the team is known for Esteemed transactional player fielding an experienced team in the Mexican aviation sector. Offers expertise in the financing and leasing of aircraft, representing an array of internationally renowned lenders and notable aircraft lessors. Firm's capabilities in aviation transactions are supported by its leading practices in the fields of banking and finance, capital markets and corporate law.

Strengths Clients are full of praise for the team, stating: "The lawyers at Ritch, Mueller, Heather y Nicolau are always working on cutting-edge issues, offering insight and keen attention to all of the factors affecting such transactions." They go on to add: "They are respected in the industry for their knowledge of the aviation field."

Work highlights Mexican counsel to Credit Suisse regarding a cross-border financing of eight corporate jets, in a deal valued at approximately USD50 million.

Significant clients Banco Santander, BNP Paribas, SMBC Aviation Capital, Crédit Agricole Corporate, CIT Aerospace International.

Notable practitioners

Leading practitioner Federico Santacruz González is singled out by peers for his role in major aviation transactions. They highlight him for "his comprehensive knowledge of the law and his experience in financing matters," with clients adding: "He puts you at ease and knows exactly what needs to be explained. He is well-informed on all aspects of the transaction at hand." He specialises in aviation finance, including financial transactions and insolvency matters.

Partner Octavio Olivo Villa is recognised by peers for his presence in the Mexican aviation sector, where he offers particular expertise in financing transactions. He recently advised Airbus on a number of pre-delivery payment financings relating to eight Airbus A320 aircraft under construction for low-cost airline Volaris.

Natalia Deschamps is an associate in the firm's aviation practice group. Peers describe her as "a rising star" in this field, with clients going on to call her "excellent." She is noted by sources for her focus on financing transactions.

Department profile by Ritch, Mueller, Heather y Nicolau, S.C.

Ritch Mueller has significant experience and proven expertise in all aspects of aviation law. We represent clients in the development of Mexican airport infrastructure and in the pursuit of corporate strategies in this sector and deliver advice for the financing of aircraft objects and space assets. The firm regularly represents airport developers and operators, aircraft and helicopter manufacturers, engine companies, airlines, satellite launch companies and satellite operators and many other participants in the industry, including aircraft lessors, export credit agencies, and financial institutions.

We have represented clients in virtually all restructuring, insolvency and default situations involving Mexican airlines, resulting in a team of experts with an in-depth knowledge in the recovery of aircraft and aircraft parts.



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Abogados Sierra - Aviation

-

Band 1

第一等

Commentary from the Chambers Latin America guide

Basic facts about the department
Head of department: Carlos Sierra
- 5 partners
- 12 other qualified lawyers

What the team is known for Standout boutique practice consistently highlighted for its leading position in the Mexican aviation sector. Focuses on aircraft financing and leasing transactions and also handles contentious work including high-profile insolvency matters. Boasts a stellar client roster featuring a range of notable airlines and banks hailing from both the domestic and international markets.

Strengths Interviewees endorse the team's in-depth knowledge of aviation matters, with one source enthusing: "This is a firm that has the long-term market expertise that I need."

Notable practitioners

Leading practitioner Carlos Sierra is commended by sources as a highly active name in the aviation field. Clients have "a very good impression of him," adding: "He is a great specialist in aircraft financing matters and is one of the most knowledgeable lawyers in this area across Latin America." He currently chairs the Aviation Working Group advisory panel and specialises in the leasing, financing and sale of aircraft.

Department profile by Abogados Sierra

Abogados Sierra is the leading aviation law firm in Mexico.
The firm’s experience treasures the service rendered to only the best lessors,
banks, financiers, airlines and most important aviation related players in the
world. The firm’s transactional area has designed, structured and enabled
complex cross-border and domestic transactions in Mexico with utmost
professionalism and cohesive legal advice. The firm’s litigation area has the
most successful experience in the repossession of high value aircraft and
other types of equipment, as well as in debt collection. As an example, the
firm successfully repossessed approximately 70 commercial aircraft from
the insolvent airline Mexicana. The firm has been involved in successful litigation
of commercial and civil cases, insolvency procedures, and complex
remedies before Mexican courts. The firm’s capacities in the regulatory aspects
of aviation law are vast and have involved servicing some of the most
reputable air carriers of the world among other related companies and services.
The firm provides legal advice to Mexican and foreign entities in all
aspects of corporate law, including the configuration of complex corporate
and finance structures, advice in foreign investment, tax exposure and liability
aspects. The firm assists its clients only in such areas in which it has
proven expertise and in which it can deliver the highest quality and the most
knowledgeable advice.


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Nader, Hayaux y Goebel, S.C. - Aviation

-

Band 2

第二等

Commentary from the Chambers Latin America guide

Basic facts about the department
Head of department: Javier Arreola Espinosa
- 4 partners
- 2 other qualified lawyers

What the team is known for Renowned transactional practice focusing on acquisitions and aviation financing matters, representing a range of financiers and notable lessors. Team also provides niche expertise in insurance matters affecting relevant players in the aviation sector and is supported by the firm's banking and finance, tax and corporate departments.

Strengths Clients are impressed with the firm's capabilities in this field, stating: "The lawyers at Nader, Hayaux y Goebel are knowledgeable about all the intricacies of handling an international aircraft financing transaction." Sources add: "The team members are reachable, friendly, and always professional. They are very responsive and make themselves available at all times."

Work highlights Represented Element Financial Corporation's SPV Helifleet regarding a loan payoff and the discharge of mortgages relating to three Mexican-registered Eurocopters worth approximately USD12 million.

Significant clients Banc of America Leasing & Capital, Infinity Aviation, Avmax Aircraft Leasing, Saudi Airlines, DVB Bank.

Notable practitioners

Partner Javier Arreola Espinosa focuses his practice on aviation finance and leasing transactions and represents a range of lenders and lessors. Clients comment: "He is very well-known for his responsiveness, and can help us even when he is travelling." They go on to state: "He has extraordinary people skills, and is very calm, sensible, and practical."

Associate Santiago Medina Zavala receives praise from impressed interviewees, who state: "He is highly prompt and very good at following up on issues. He has very good technical knowledge, and a particularly good grasp of securities and financing matters."

Department profile by Nader, Hayaux y Goebel, S.C.

Department profile not yet provided by Nader, Hayaux y Goebel, S.C.. Please see their firm profile.

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Santamarina y Steta SC - Aviation

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Band 2

第二等

Commentary from the Chambers Latin America guide

Basic facts about the department
Head of department: Juan Carlos Machorro Guerrero
- 1 partner
- 3 other qualified lawyers

What the team is known for Long-standing full-service firm offering expertise in a range of mandates within the Mexican aviation sector, including major financing and leasing transactions. Represents a range of notable aircraft manufacturers and airlines, as well as international financial institutions.

Strengths Clients praise the aviation team, with one interviewee stating: "The service is consistently excellent. I have total trust, faith and confidence in the advice that Santamarina y Steta provides." Sources go on to say: "This is a highly sophisticated practice, and the team is very helpful in terms of making sure you get the right advice for your circumstances."

Work highlights Advised 1st Source Bank on a lease financing matter in which it granted Milenium Air Servicios Aéreos Integrados approximately USD6.6 million in relation to several aircraft.

Significant clients Airbus Group, Hawker Beechcraft, Línea Aérea Amaszonas, CIT Bank, Rolls Royce.

Notable practitioners

According to sources, partner Juan Carlos Machorro Guerrero "is a very pleasant professional who is attuned to the needs of the client and who makes sure we get the best results." They go on to describe him as "engaged, responsive, intelligent, and detail-oriented without losing sight of the big picture." He frequently advises corporate clients on financing and leasing transactions.

Clients praise senior associate Ricardo Orea, describing him as "an excellent and very sophisticated lawyer." He is a key member of the firm's aviation practice and recently formed part of the team advising on the aforementioned matter for 1st Source Bank.

Department profile by Santamarina y Steta SC

Department profile not yet provided by Santamarina y Steta SC. Please see their firm profile.

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Alegre, Calderón y Márquez - Aviation

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Band 3

第三等

Commentary from the Chambers Latin America guide

Basic facts about the department
- approximately 3 qualified lawyers

What the team is known for Well-regarded boutique aviation practice focusing on regulatory issues affecting airlines. Noted for offering a range of relevant expertise on matters including bilateral agreements and airport regulation.

Strengths The firm is admired by peers, who endorse "its high level of specialisation in this area," and who go on to commend its impressive regulatory expertise.

Notable practitioners

Key partner Carlos Campillo Labrandero is highlighted by sources for his expertise in regulatory matters. Clients enthuse: "He is well respected by everyone, and is not only a great lawyer but also a great educator." He is also held in high regard by peers, who describe him as "a very strong practitioner."

Department profile by Alegre, Calderón y Márquez

Department profile not yet provided by Alegre, Calderón y Márquez . Please see their firm profile.

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BJE S.C. (Bufete Juridico Especializado) - Aviation

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Band 3

第三等

Commentary from the Chambers Latin America guide

Basic facts about the department
Head of department: Juan Pablo Sánchez Delgado
- 1 partner
- 3 other qualified lawyers

What the team is known for Respected boutique offering a range of expertise across the private and international aspects of aviation law. Represents clients from both Mexico and overseas, with a focus on advising airlines. Notable experience in codeshare agreements, establishment of operations for foreign carriers and aircraft acquisitions.

Strengths The firm's service is widely commended by clients, who state: "The team does a fantastic job; one of its strengths is its attention to detail, as well as the bilingual skills of its lawyers." Sources add: "They are very responsive, be it through phone calls or by email."

Work highlights Advised K1 Speed on the establishment of its Mexican operations. The matter included helipad permitting, site analysis and private aviation regulatory advice.

Significant clients ExpressJet Airlines, SkyWest Airlines, Grupo Industrial Summa, Invicta México, Servicios Aéreos Avandaro.

Notable practitioners

Key partner Juan Pablo Sanchez Delgado regularly assists clients with the establishment of their Mexican operations, aircraft acquisitions and regulatory work. Clients describe him as "intelligent and very attentive to the needs of the client," and add: "He is someone who can instantly tell you how to resolve an issue."

Department profile by BJE S.C. (Bufete Juridico Especializado)

Department profile not yet provided by BJE S.C. (Bufete Juridico Especializado). Please see their firm profile.

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White & Case SC - Aviation

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Band 3

第三等

Commentary from the Chambers Latin America guide

Basic facts about the department
Head of department: Raúl Fernández-Briseño
- 1 partner
- 4 other qualified lawyers

What the team is known for Respected international firm advising an array of airlines and financiers on aircraft leasing and financing mandates, as well as relevant litigation relating to the aviation sector. Offers particular expertise on the impact of international agreements upon Mexican aviation players.

Notable practitioners

Partner Raul Fernández-Briseño is highlighted by peers for his presence in the aviation finance space. He continues to play a leading role in the firm's aviation work, including in advisory, transactional and regulatory matters.

Department profile by White & Case SC

To learn more about our practice, please visit: whitecase.com/law

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Overview

MEXICO: An Introduction to Aviation Contributed by Carlos Sierra, Abogados Sierra

Since the current federal government took office five years ago, a number of important structural legal reforms have been approved by the Mexican Congress, and are now in full force and effect. These reforms address substantial structural changes in education, energy, telecommunications, taxation and the financial sector. The reformed labour law, the new amparo law, and the law for the prevention of money laundering have also been approved. These reforms invite foreign capital to invest in Mexico, and are most certainly having a positive effect on the Mexican economy, with the highest foreign investment in recorded history, for the first semester of 2016, given the latest official information at the time of this publication.

Regarding the aviation sector, the amendment under discussion for the adoption of the Qualifying Declarations of the Cape Town Convention and Protocol, in line with the 2011 Aircraft Sector Understanding of the OECD, should increase competitiveness and certainty among financiers and lessors of aircraft, and also generate substantial growth in the Mexican aviation industry. The recent implementation of the new bilateral air service agreement with the United States has eliminated some of the previous agreement restrictions, now permitting the fifth and seventh freedom of the air for cargo and eliminating pre-established numbered frequencies on passenger routes. The bilateral air service agreement will increase the number of operations and generate more competition and substantial growth in the Mexican market.

These and other changes adopted in recent years have created a much friendlier atmosphere for investors, clients and industry players in general. The aviation industry in Mexico has diversified from the collocation of aircraft assets in the jurisdiction through elaborate financial schemes to the development of aviation-related education centres focused on all levels, from technical services, manufacturer training, infrastructure and equipment technology to engineering programs and master programs. The thriving manufacturing sector dedicated to aircraft and high-technology parts and components has substantially developed and is now thriving, with a growth rate of over 20% in the last five years, bringing development to central states and creating numerous jobs for highly qualified technicians.

The concurso mercantil and the bankruptcy of Mexicana Airlines reshaped the Mexican aviation industry. Stronger and better financed airlines service Mexican air space. Numerous aircraft have been acquired since 2011 through different leasing and financing schemes. More sophisticated structures are becoming available and numerous lessors and financiers are active and willing to participate in the Mexican market.

To highlight certain features of Mexican law that are relevant to aircraft operators and financiers, it is useful to note that the use and exploitation of the Mexican airspace is of federal jurisdiction, for which any controversies related to the operation of aircraft would be resolved by federal courts. As for the registration of aircraft, in accordance with the regulations of the Mexican Aeronautic Registry, aircraft to be operated in Mexico must bear Mexican registration marks. The registry could authorise the lease of foreign-registered aircraft by eligible Mexican air carriers. Over the past years, the Mexican registry has controlled the registration of aircraft with a foreign registry, limiting this to no more than 50% of an air carrier's fleet.

The freedom of the parties to choose the governing law of their contractual relationships is fully recognised in Mexico. As for security interests, interests subject to foreign law and jurisdiction would be recognised and enforceable in Mexico. It must be noted that under Mexican law, a foreign judgment would not be enforceable when it is dictated as a consequence of the exercise of an in rem action. In order to register a security interest in Mexico in respect to an aircraft, even if it is constituted under foreign law, it must be constituted in respect of aircraft bearing Mexican registration. An interest registered at the International Registry of Mobile Assets would be enforceable in Mexico.

In regard to repossession of aircraft, there are no self-help remedies available in Mexico. To recover possession of an aircraft, it is necessary to obtain a favourable order from a competent court. Court proceedings in Mexico generally involve two stages (first instance and appeal, with the additional possibility of amparo as a special procedure regarding constitutional matters); duration of proceedings could generally take between 12 and 18 months. Contractual relationships would be resolved through ordinary commercial proceedings; the enforcement of títulos de credito (credit instruments) such as promissory notes, in rem securities and interests, and other public instruments can be enforced through executive commercial proceedings, which are more expeditious and permit the cautionary attachment or seizure of assets subject to final judgment.

With respect to taxes, the applicability thereof would depend on the place of residence of the parties to a transaction and of the legal act being considered conducted within Mexican territory, meaning the location of goods at the time of effective delivery. Mexico follows the principle of worldwide income for taxation purposes of Mexican tax residents. In the leasing of aircraft, VAT would be applicable to rent payments when the transaction is considered to have occurred within Mexican territory. This would be the case when material delivery of the asset is conducted within Mexican territory. As for income tax, it must be considered whether the recipient of the revenue is a tax resident of Mexico or whether such transaction is considered to have taken place within Mexican territory. The transfer of title between two foreign residents is not taxable in Mexico regardless of the location of the aircraft. A withholding tax is applicable to rent payments paid to foreign residents at a rate of 5% in relation to aircraft that have been temporarily imported to Mexican territory for air carrier purposes, which is subject to a further deduction based on the proportional share of the average annual expenditure.

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Band 1

Juan Carlos Machorro Guerrero

Santamarina y Steta SC

From the Chambers Latin America guide

According to sources, partner Juan Carlos Machorro Guerrero "is a very pleasant professional who is attuned to the needs of the client and who makes sure we get the best results." They go on to describe him as "engaged, responsive, intelligent, and detail-oriented without losing sight of the big picture." He frequently advises corporate clients on financing and leasing transactions.

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Band 1

Federico Santacruz González

Ritch, Mueller, Heather y Nicolau, S.C.

From the Chambers Latin America guide

Leading practitioner Federico Santacruz González is singled out by peers for his role in major aviation transactions. They highlight him for "his comprehensive knowledge of the law and his experience in financing matters," with clients adding: "He puts you at ease and knows exactly what needs to be explained. He is well-informed on all aspects of the transaction at hand." He specialises in aviation finance, including financial transactions and insolvency matters.

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Band 1

Abogados Sierra

From the Chambers Latin America guide

Leading practitioner Carlos Sierra is commended by sources as a highly active name in the aviation field. Clients have "a very good impression of him," adding: "He is a great specialist in aircraft financing matters and is one of the most knowledgeable lawyers in this area across Latin America." He currently chairs the Aviation Working Group advisory panel and specialises in the leasing, financing and sale of aircraft.

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Band 2

Javier Arreola Espinosa

Nader, Hayaux y Goebel, S.C.

From the Chambers Latin America guide

Partner Javier Arreola Espinosa focuses his practice on aviation finance and leasing transactions and represents a range of lenders and lessors. Clients comment: "He is very well-known for his responsiveness, and can help us even when he is travelling." They go on to state: "He has extraordinary people skills, and is very calm, sensible, and practical."

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Band 2

Carlos Campillo Labrandero

Alegre, Calderón y Márquez

From the Chambers Latin America guide

Key partner Carlos Campillo Labrandero is highlighted by sources for his expertise in regulatory matters. Clients enthuse: "He is well respected by everyone, and is not only a great lawyer but also a great educator." He is also held in high regard by peers, who describe him as "a very strong practitioner."

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Band 2

Octavio Olivo Villa

Ritch, Mueller, Heather y Nicolau, S.C.

From the Chambers Latin America guide

Partner Octavio Olivo Villa is recognised by peers for his presence in the Mexican aviation sector, where he offers particular expertise in financing transactions. He recently advised Airbus on a number of pre-delivery payment financings relating to eight Airbus A320 aircraft under construction for low-cost airline Volaris.

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Band 2

Juan Pablo Sanchez Delgado

BJE S.C. (Bufete Juridico Especializado)

From the Chambers Latin America guide

Key partner Juan Pablo Sanchez Delgado regularly assists clients with the establishment of their Mexican operations, aircraft acquisitions and regulatory work. Clients describe him as "intelligent and very attentive to the needs of the client," and add: "He is someone who can instantly tell you how to resolve an issue."

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Band 3

Chacón & Rodríguez, S.C.

From the Chambers Latin America guide

According to clients, partner Samuel Chacón of Chacón & Rodríguez, S.C. "understands the technical aspects of aviation law," and "is always very responsive and up-to-date." Peers describe him as "very active in regulatory mandates for airlines." Sources also highlight his distinguished academic profile in this area.

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Band 3

Raúl Fernández Briseño

White & Case SC

From the Chambers Latin America guide

Partner Raul Fernández-Briseño is highlighted by peers for his presence in the aviation finance space. He continues to play a leading role in the firm's aviation work, including in advisory, transactional and regulatory matters.

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Band 3

Luis Fernando Gutiérrez Mendoza

López Rangel y Gutiérrez Mendoza, S.C.

From the Chambers Latin America guide

Luis Fernando Gutiérrez Mendoza of López Rangel y Gutiérrez Mendoza, S.C. is noted for his practice representing companies which provide air taxi services. Clients describe him as "a very zealous advocate for our company," and go on to add: "He has wide knowledge of the aviation area and delivers on time."

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Band 3

Edmundo Olivares Dufóo

Olivares Dufóo y Asociados, S.C.

From the Chambers Latin America guide

Partner Edmundo Olivares Dufóo of Olivares Dufóo y Asociados, S.C. is highlighted by sources for his experience in this sector, including his time spent as in-house counsel to Aeroméxico. Sources point out his wide-ranging practice including financing and regulatory work and endorse his "high-level knowledge of aviation law in Mexico."

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Band 3

Andrea Valencia Sánchez

Valencia y Sanchez Aviation Solutions

From the Chambers Latin America guide

Partner Andrea Valencia Sánchez of Valencia y Sánchez Aviation Solutions receives ample praise from clients, who say: "Her best quality is her accessibility and her commitment to our company." Sources also draw attention to "the professionalism with which she handles cases and her profound knowledge of regulatory matters," and describe her service as "personalised, efficient, and focused on obtaining results."

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Up and Coming

Gilberto León Vargas

Rios Zertuche, Gonzalez Lutteroth y Rodriguez, S.C.

From the Chambers Latin America guide

Gilberto León Vargas of Rios Zertuche, Gonzalez Lutteroth y Rodriguez, S.C. is singled out for praise by clients, who describe him as "dedicated, detail-oriented, and organised in the way that he works." Sources add: "He always delivers what he promises."

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Associates to watch

Natalia Deschamps

Ritch, Mueller, Heather y Nicolau, S.C.

From the Chambers Latin America guide

Natalia Deschamps is an associate in the firm's aviation practice group. Peers describe her as "a rising star" in this field, with clients going on to call her "excellent." She is noted by sources for her focus on financing transactions.

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Associates to watch

Santiago Medina Zavala

Nader, Hayaux y Goebel, S.C.

From the Chambers Latin America guide

Associate Santiago Medina Zavala receives praise from impressed interviewees, who state: "He is highly prompt and very good at following up on issues. He has very good technical knowledge, and a particularly good grasp of securities and financing matters."

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Associates to watch

Santamarina y Steta SC

From the Chambers Latin America guide

Clients praise senior associate Ricardo Orea, describing him as "an excellent and very sophisticated lawyer." He is a key member of the firm's aviation practice and recently formed part of the team advising on the aforementioned matter for 1st Source Bank.

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