Mark Lessard is a partner in the law firm's New York office and co-leader of the Transportation Finance team, primarily representing clients who are active in the Aviation, Aerospace and Transportation sectors.
Mr Lessard represents lenders, lessors, investors, operators, underwriters, liquidity providers, manufacturers, rating agencies and trustees in connection with all forms of transportation asset-backed financings, including term loans and revolving credit facilities, operating leases, leveraged and tax leases, as well as private placements and other capital markets offerings, such as portfolio securitizations, EETCs and debt repackagings.
Mr Lessard has particular expertise in cross-border transactions, having placed, financed or repossessed aviation assets in dozens of jurisdictions around the world.
Mr Lessard represents buyers and sellers of interests in high value capital equipment, including commercial aircraft, business aircraft, aircraft engines, helicopters, flight simulators, locomotives, railcars and high-technology manufacturing equipment. He negotiates and executes asset trades, including bulk sales and related financing and servicing contracts for large aircraft and debt portfolios. He works with corporate clients, lenders and investors on the acquisition, disposition, leasing and financing of business aircraft and has deep knowledge of the regulatory, tax and operational characteristics of business aircraft transactions.
Mr Lessard also has significant experience helping aircraft creditors, lessors and operators navigate complex insolvency proceedings and resolve highly technical contractual disputes. He has worked closely with the firm's Insolvency & Restructuring practice on every major North American airline bankruptcy since 2000, negotiating lease and debt restructurings for dozens of aircraft. He has assisted with the foreclosure upon, and the repossession and remarketing of, aircraft in several countries. Mr Lessard also regularly assists clients in resolving disputes relating to aircraft maintenance and redelivery conditions, broken deals and other breach of contract claims.
Mr Lessard spent one year in 2004-2005 on secondment at Airbus, S.A.S. in Toulouse, France, where he handled an array of in-house legal issues ranging from corporate compliance and transactional work to aviation litigation and international trade.
Mr Lessard has been honoured in the following publications: Chambers USA, Aviation Finance–National (2009-2015), Who's Who Legal, Aviation–New York (2010, 2012, 2014), International Who's Who of Aviation Lawyers (2010-2013), Legal 500 US, Asset Finance and Leasing (2010, 2013-2015), Guide to the World's Leading Aviation Lawyers, Euromoney/Legal Media Group (2013), Best Global Export Credit Agency/Development Finance Law Firm in Trade Finance Journal (2012), North American Deal of the Year, AirFinance Journal (2012), North American Deal of the Year, Global Transportation Finance (2012), 2011 Engine Deal of the Year, Jane's Transport Finance and 2006 Aviation Deal of the Year, Jane's Transport Finance.