Winston & Strawn named Bill Bowers, a aircraft lease veteran, to chair its transportation structured finance practice.
Bowers previously served as general counsel to GPA Capital in Shannon, Ireland and associate general counsel to GE Capital Aviation Services in Stamford, Conn. He is credited with developing the first securitizations of debt backed by portfolios of aircraft leased to a variety of unrated airlines, as well as the liquidity facility in the first airline enhanced equipment trust certificate financing. He has been involved in such financings for almost all U.S. major airlines and has been responsible for a number of award winning portfolio securitizations.
At Winston & Strawn, Bowers works in the firm’s New York office in the corporate and transactional department, where he represents underwriters, placement agents, issuers, lessors, lenders, and liquidity providers in a variety of structured finance and securitization transactions involving transportation assets, including aircraft, vehicles, vessels, and railcars.
The firm's transportation structured finance practice focuses on financings a range of transportation assets, including aircraft, aircraft engines, ships, railroad rolling stock, and containers. It also advises on the restructuring, transfer, and repackaging of such financings.
"With the addition of [Bowers] to the team, we are able to further contribute and provide a full range of services to meet our growing client needs in the financing of transportation assets," Dominick DeChiara, chair of Winston's corporate and transactional department, said in a press release.