Neosky Embarks on Boeing Acquisition with MBH Legal Expertise
Deal News | Apr 18, 2025 | Legal Community MENA
Matouk Bassiouny & Hennawy (MBH) has provided legal advisement to Neosky, a UAE-based aircraft chartering company, in the acquisition of a Boeing 737-800 from AMC Airlines, a Cairo-based charter airline. The transaction, valued at USD 13,250,000, involved MBH managing all legal aspects such as negotiating transaction documents, coordinating with the Egyptian Civil Aviation Authority, deregistering the aircraft as per international conventions, and handling title transfer and delivery terms.
Sectors
- Aviation
- Legal Services
Geography
- United Arab Emirates – Neosky is based in the UAE, making this geography relevant to the transaction.
- Egypt – AMC Airlines, the seller, is headquartered in Cairo, Egypt, making this geography relevant.
Industry
- Aviation – This industry is relevant as the article discusses the acquisition of an aircraft, a core component of the aviation sector.
- Legal Services – The involvement of Matouk Bassiouny & Hennawy in handling the legal aspects signifies this industry's relevance.
Financials
- USD 13,250,000 – The transaction value for the acquisition of the Boeing 737-800.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Neosky | Buyer | Company | A UAE-based aircraft chartering company involved in purchasing the aircraft. |
| AMC Airlines | Seller | Company | A charter airline headquartered in Cairo, Egypt, selling the Boeing 737-800. |
| Matouk Bassiouny & Hennawy (MBH) | Legal Advisor | Company | A law firm responsible for managing the legal aspects of the aircraft acquisition. |