John Hoyns

John K. Hoyns is co-chair of Hughes Hubbard & Reed's Aviation group. John has actively represented clients in the aviation industry for over 35 years and is widely recognized as a leading aviation lawyer. His practice has involved a broad array of matters, including aircraft and other equipment finance, orders and other dealings with manufacturers, purchases and sales of used aircraft, bankruptcy and out-of-court restructurings, mergers and acquisitions, and code-share and other operational agreements. With respect to aviation finance transactions, John has extensive experience with a variety of structures, including enhanced equipment trust certificates (EETCs), securitizations, operating and finance leases, leveraged leases, secured debt transactions, cross-border transactions and export credit agency-supported loans. Five of John's transactions were named "Deal of the Year" by Airfinance Journal.

• United 2020-1 Enhanced Equipment Trust Certificates: Representation of United Airlines in the public offering of $3 billion principal amount of enhanced equipment trust certificates  secured by aircraft, spare parts and spare engines. Closed October 28, 2020. Goldman  Sachs served as the structuring agent. Goldman Sachs, Citigroup, Barclays, J.P. Morgan,  Morgan Stanley and BofA Securities acted as Bookrunners. This transaction was named the  2020 “EETC Deal of the Year” by Airfinance Journal 
• United 2018-1 Class B Enhanced Pass-Through Certificates:  Representation of United Airlines in the public offering of $225,729,000 principal amount of enhanced pass-through certificates relating to the financing of 16 new Boeing aircraft.  Closed May 23, 2018.  Credit Suisse, Citigroup and Goldman Sachs & Co. LLC acted as Lead Bookrunners.  National Australian Bank Limited was the liquidity provider
• United 2018-1 Enhanced Pass-Through Certificates:  Representation of United Airlines in the public offering of $935,140,000 principal amount of enhanced pass-through certificates to finance 16 new Boeing aircraft.  Closed February 14, 2018.  Credit Suisse, Citigroup and Goldman Sachs & Co. LLC acted as Lead Bookrunners.  National Australian Bank Limited was the liquidity provider
• United 2016-1 Class B Enhanced Pass-Through Certificates:  Representation of United Airlines in the public offering of $258,348,000 principal amount of enhanced pass-through certificates relating to the financing of 18 new Boeing aircraft.  Closed November 6, 2017.  Credit Suisse, Goldman Sachs & Co. and Morgan Stanley acted as the Lead Bookrunners.  Commonwealth Bank of Australia was the liquidity provider
• United 2016-2 Class B Enhanced Pass-Through Certificates:  Representation of United Airlines in the public offering of $236,173,000 principal amount of enhanced pass-through certificates relating to the financing of 13 new Boeing aircraft.  Closed November 6, 2017.  Credit Suisse, Goldman Sachs & Co. and Morgan Stanley acted as the Lead Bookrunners.  Commonwealth Bank of Australia was the liquidity provider
• United 2016-2 Enhanced Pass-Through Certificates: Representation of United Airlines in the public offering of $1.05 billion principal amount of enhanced pass-through certificates to finance 18 new Boeing aircraft. Closed June 13, 2016. Morgan Stanley, Credit Suisse, Goldman Sachs Group Inc., Citigroup, and Deutsche Bank, acted as the underwriters. Commonwealth Bank of Australia was the liquidity provider
• United 2016-1 Enhanced Pass-Through Certificates: Representation of United Airlines in the public offering of $919.6 million principal amount of enhanced pass-through certificates to finance 13 new Boeing aircraft. Closed Sept. 27, 2016. Credit Suisse, Morgan Stanley, Goldman Sachs Group Inc., Citigroup, and Deutsche Bank, acted as the underwriters. Commonwealth Bank of Australia was the liquidity provider
• Mesa Airlines 2015-1 Enhanced Pass-Through Certificates: Representation of a major investor in a private placement by Mesa Airlines Inc. of $246 million of enhanced pass-through certificates, Series 2015-1. Closed on Dec. 14, 2015. Deutsche Bank and Goldman Sachs Group Inc. were the placement agents. Natixis was the depositary and provided the liquidity facilities
• United 2015-1 Enhanced Pass-Through Certificates: Representation of United Airlines in the public offering of a $434 million principal amount of enhanced pass-through certificates to finance 10 new Boeing aircraft, including a special structure for post-closing deliveries without use of a depositary. Closed Nov. 17, 2015. Morgan Stanley, Credit Suisse, Citigroup, Deutsche Bank, Goldman Sachs Group Inc., Credit Agricole and Barclays acted as the underwriters. Commonwealth Bank of Australia and Credit Agricole were the liquidity providers
• United 2014-2 Enhanced Pass-Through Certificates: Representation of United Airlines in the public offering of a $1.06 billion principal amount of enhanced pass-through certificates to finance 15 new Boeing aircraft and 12 new Embraer regional jets. Closed Aug. 11, 2014. Credit Suisse, Morgan Stanley, Deutsche Bank, Goldman Sachs Group Inc., Citigroup, Barclays, BNP Paribas and Credit Agricole acted as the underwriters. BNP Paribas is the liquidity provider and the depositary
• United 2014-1 Enhanced Pass-Through Certificates: Representation of United Airlines in the public offering of a $949 million principal amount of enhanced pass-through certificates to finance 16 new Boeing aircraft and nine new Embraer regional jets. Closed April 7, 2014. Morgan Stanley, Credit Suisse, Deutsche Bank, Citigroup, Barclays, Goldman Sachs Group Inc. and Credit Agricole were the underwriters. Credit Agricole was the liquidity provider and the depositary
• United 2013-1 Enhanced Pass-Through Certificates: Representation of United Airlines in the public offering of a $929 million principal amount of enhanced pass-through certificates to finance 21 new Boeing aircraft. Closed Aug. 15, 2013. Credit Suisse, Morgan Stanley, Deutsche Bank, Goldman Sachs Group Inc., Citigroup, Credit Agricole and Natixis were the underwriters. Natixis was the liquidity provider and the depositary
• Hawaiian 2013-1 Enhanced Pass-Through Trust Certificates: Representation of Hawaiian Airlines in the public offering of $444.54 million principal amount of enhanced pass-through certificates to finance six new Airbus A330s. Closed May 29, 2013. Citigroup acted as sole structuring agent. Citigroup, Goldman Sachs Group Inc. and Morgan Stanley acted as joint bookrunners. Natixis was the liquidity provider and the depositary
• Continental 2012-3 Enhanced Pass-Through Certificates: Representation of Continental Airlines in the public offering of a $425 million principal amount of pass-through certificates to finance (i) the acquisition of the Series C equipment notes issued with respect to 23 Boeing aircraft owned by Continental and previously financed under the Series 2012-1 or 2012-2 certificates and (ii) one Boeing 787-8 Dreamliner and 18 other aircraft. Closed Dec. 27, 2012. Credit Suisse, Morgan Stanley, Goldman Sachs, Citigroup, Deutsche Bank, Barclays, Merrill Lynch and JPMorgan Chase & Co. acted as the underwriters
• Continental 2012-2 Enhanced Pass-Through Certificates: Representation of Continental Airlines in the public offering of an $844 million principal amount of pass-through certificates to finance three Boeing 787-8 Dreamliners and 18 other aircraft. Closed Oct. 3, 2012. Credit Suisse, Morgan Stanley, Citigroup, Deutsche Bank, Goldman Sachs, Jefferies and Natixis acted as the underwriters. Natixis was the liquidity provider and the depositary
• Emirates 2012-1 Enhanced Equipment Trust Certificates: Representation of Goldman Sachs as sole structuring agent and sole bookrunner in a deal enabling Dubai’s Emirates airline to lease aircraft from Doric Nimrod Air Finance Alpha Limited (Doric). Doric issued a $587.5 million capital markets offering of EETCs to finance the purchase of four Airbus A380-381 aircraft that will be leased to Dubai’s Emirates airline. Closed July 11, 2012. Natixis SA, through its New York branch, acted as depositary and liquidity provider. This transaction was the Airfinance Journal 2012 Innovative Deal of the Year
• Continental 2012-1 Enhanced Pass-Through Certificates: Representation of Continental Airlines in the public offering of an $892.1 million principal amount of pass-through certificates to finance four Boeing 787-8 Dreamliners and 17 other aircraft for Continental Airlines Inc. Closed March 22, 2012. Morgan Stanley, Goldman Sachs, Citigroup and Credit Suisse acted as the underwriters; Credit Suisse AG was the liquidity provider; and Natixis was the depositary
• Continental 2010-1 Enhanced Pass-Through Certificates: Representation of Continental Airlines in the public offering of a $427.15 million principal amount of pass-through certificates to finance 12 currently owned Boeing aircraft and six new Boeing aircraft. Closed Nov. 17, 2010. Morgan Stanley, Goldman Sachs and Credit Suisse acted as the underwriters; Landesbank-Hessen-Thűringen was the liquidity provider; and JPMorgan Chase Bank NA was the depositary
• Continental 2009-2 Enhanced Pass-Through Certificates: Public offering of a $644.44 million principal amount of pass-through certificates to finance eight currently owned Boeing aircraft and 11 new Boeing aircraft to be owned by Continental Airlines. Closed Nov. 10, 2009. Morgan Stanley, Goldman Sachs and Credit Suisse acted as the underwriters; Natixis was the liquidity provider; and The Bank of New York Mellon was the depositary
• Continental 2009-1 Enhanced Pass-Through Certificates: Public offering of a $389.69 million principal amount of pass-through certificates to finance 12 currently owned Boeing aircraft and five new Boeing aircraft to be owned by Continental Airlines. Closed July 1, 2009. Morgan Stanley, Goldman Sachs and Calyon Securities were the underwriters; Goldman Sachs Bank USA provided the liquidity facility; and The Bank of New York Mellon was the depositary
• Qantas Enhanced Equipment Notes: Proposed offering of notes structured similarly to US enhanced press pass-through certificates to finance, in part, the leveraged buyout of Qantas Airways
• Continental 2007-1 Enhanced Pass-Through Certificates: Public offering of a $1.15 million principal amount of pass-through certificates structured as a prefunded facility finance debt for 30 Boeing aircraft to be owned by Continental Airlines. Closed April 10, 2007. Morgan Stanley, Credit Suisse, Merrill Lynch, Citigroup, UBS, Calyon Securities and JPMorgan acted as the underwriters; RZB Finance was the liquidity provider; and Credit Suisse was the depositary. This transaction was the Airfinance Journal 2007 Deal of the Year
• Continental 2006-ERJ1 Enhanced Pass-Through Certificates: Rule 144A offering of a $53.86 million principal amount of pass-through certificates to provide the debt in the leveraged leases of five Embraer regional jets to be leased to ExpressJet Airlines. Closed Aug. 31, 2006. Citigroup acted as the initial purchaser and Landesbank Baden-Württemberg was the liquidity provider
• Continental 2006-1 Enhanced Pass-Through Certificates: Public offering of a $320 million principal amount of pass-through certificates secured by a lien on aircraft spare parts owned by Continental Airlines. Closed on June 9, 2006. Morgan Stanley acted as the underwriter; Financial Guaranty Insurance Co. provided a debt insurance policy; and Morgan Stanley Bank and Morgan Stanley Capital Services were the liquidity providers
• Continental 2005-ERJ1 Enhanced Pass-Through Certificates: Public offering of a $311 million principal amount of pass-through certificates to provide the debt in the leveraged leases of 29 Embraer regional jets to be leased to ExpressJet Airlines. Closed Sept. 22, 2005. Citigroup acted as the underwriter; Landesbank Baden-Württemberg was the liquidity provider; and Citibank was the depositary
• Continental 2004-1 Enhanced Pass-Through Certificates: Rule 144A offering of a $77.47 million principal amount of pass-through certificates secured by spare aircraft engines owned by Continental Airlines. Closed Oct. 21, 2004. Calyon Securities acted as the initial purchaser; Financial Guaranty Insurance Co. provided a debt insurance policy; and Calyon was the liquidity provider
• Continental 2004-ERJ1 Enhanced Pass-Through Certificates: Public offering of a $173.63 million principal amount of pass-through certificates to provide the debt in leveraged leases of 16 Embraer regional jets to be leased to ExpressJet Airlines. Closed June 29, 2004. Citigroup and Morgan Stanley acted as the underwriters; Citigroup and West LB were the liquidity providers; and WestLB was the depositary
• Continental 2003-ERJ1 Enhanced Pass-Through Certificates: Public offering of a $414.56 million principal amount of pass-through certificates to provide the debt in leveraged leases of 36 Embraer regional jets to be leased to ExpressJet Airlines. Closed Dec. 10, 2003. Citigroup and Morgan Stanley acted as the underwriters and Citibank was the liquidity provider
• Floating Rate Secured Subordinate Notes: Rule 144A offering of a $100 million principal amount of subordinated notes secured by aircraft spare parts owned by Continental Airlines. Closed on May 9, 2003. Morgan Stanley acted as the initial purchaser. This transaction was the Airfinance Journal 2003 Deal of the Year
• Continental 2002-1 Enhanced Pass-Through Certificates: Public offering of a $329.17 million principal amount of pass-through certificates structured as a prefunded facility to provide debt financing for seven Boeing aircraft to be owned by Continental Airlines. Closed March 25, 2002. Credit Suisse First Boston, JPMorgan, Merrill Lynch & Co., Salomon Smith Barney and Morgan Stanley acted as the underwriters; Ambac Assurance Corp. provided the debt insurance policy; Landesbank Hessen-Thüringen Girozentrale and Merrill Lynch Capital Services were the liquidity providers; and Credit Suisse First Boston was the depositary. This was the first "wrapped" transaction by Continental Airlines
• Continental 2001-2 Enhanced Pass-Through Certificates: Public offering of a $200 million principal amount of Class D certificates for the purchase of equipment notes secured by aircraft financed under seven prior Continental Airlines EPTC offerings. Closed July 31, 2001. Morgan Stanley and Credit Suisse First Boston acted as underwriters and Credit Suisse First Boston was the depositary
• Continental 2001-1 Class C Enhanced Pass-Through Certificates: Public offering of a $191.76 million principal amount of Class C certificates relating to the earlier Continental Airlines 2001-1 Class A and B offering. Closed June 26, 2001. Morgan Stanley Dean Witter acted as the underwriter; Landesbank Hessen-Thüringen Girozentrale was the liquidity provider; and Credit Suisse First Boston was the depositary
• Continental 2001-1 Class A and B Enhanced Pass-Through Certificates: Public offering of a $708.99 million principal amount structured as a prefunded facility to finance debt for 21 Boeing aircraft to be owned by or leased to Continental Airlines. Closed April 19, 2001. Morgan Stanley Dean Witter, Salomon Smith Barney, Credit Suisse First Boston, JPMorgan and Credit Lyonnais Securities acted as underwriters; Landesbank Hessen-Thüringen Girozentrale was the liquidity provider; and Credit Suisse First Boston was the depositary
• Continental 2000 Floating Enhanced Aircraft Trust Securities (FEATS) Pass-Through Certificates: Regulation S offering in Europe of a $176.37 million principal amount of FEATS structured as a prefunded facility to finance debt for four Boeing aircraft to be owned by Continental Airlines. Closed Dec. 8, 2000. Credit Lyonnais acted as placement agent; Caisse des Dépôts et Consignations was the primary liquidity provider; CDC Financial Products Inc. was the above-cap liquidity provider; and Credit Suisse First Boston was the depositary
• Continental 2000-2 Enhanced Pass-Through Certificates: Public offering of an $840.96 million principal amount structured as a prefunded facility to finance debt for 23 Boeing aircraft to be owned by or leased to Continental Airlines. Closed Nov. 28, 2000. Credit Suisse First Boston, Morgan Stanley Dean Witter, Chase Securities Inc., Goldman Sachs Group Inc. and Salomon Smith Barney acted as underwriters; Landesbank Hessen-Thüringen Girozentrale was the liquidity provider; and Credit Suisse First Boston was the depositary
• Continental 2000-1 Enhanced Pass-Through Certificates: Public offering of a $743.32 million principal amount structured as a prefunded facility to finance debt for 21 Boeing aircraft to be owned by or leased to Continental Airlines. Closed March 15, 2000. Credit Suisse First Boston, Morgan Stanley Dean Witter, Chase Securities Inc., Merrill Lynch & Co. and Salomon Smith Barney acted as underwriters; Landesbank Hessen-Thüringen Girozentrale and Morgan Stanley Capital Services were the liquidity providers; and Credit Suisse First Boston was the depositary
• Continental 1999-2 Enhanced Pass-Through Certificates: Public offering of a $741.89 million principal amount structured as a prefunded facility to finance debt for 21 Boeing aircraft to be owned by or leased to Continental Airlines. Closed June 17, 1999. Credit Suisse First Boston, Morgan Stanley Dean Witter, Goldman Sachs Group Inc. and Salomon Smith Barney acted as underwriters; Bayerische Landesbank Girozentrale was the liquidity provider; and Westdeutsche Landesbank Girozentrale was the depositary
• Continental 1999-ERJ1 Enhanced Pass-Through Certificates: Private placement of a $159.16 million principal amount to provide leveraged lease debt for the refinancing of 15 Embraer ERJ-145 aircraft leased to Continental Express. Closed April 26, 1999 and Sept. 16, 1999. Salomon Smith Barney acted as placement agent and Citibank NA was the liquidity provider
• Continental 1999-1 Enhanced Pass-Through Certificates: Public offering of an $805.84 million principal amount structured as a prefunded facility to finance debt for 22 Boeing aircraft to be owned by or leased to Continental Airlines. Closed Feb. 8, 1999. Credit Suisse First Boston, Morgan Stanley Dean Witter, Chase Securities Inc., Goldman Sachs Group Inc. and Salomon Smith Barney acted as underwriters; Bayerische Landesbank Girozentrale was the liquidity provider; and Westdeutsche Landesbank Girozentrale was the depositary
• Continental 1998-EMB2 Enhanced Pass-Through Certificates: Private placement of a $113.68 million principal amount to provide leveraged lease debt for refinancing of eleven Embraer ERJ-145 aircraft leased to Continental Express. Closed Dec. 31, 1998. Salomon Smith Barney acted as placement agent and Citibank NA was the liquidity provider
• Continental 1998-3 Enhanced Pass-Through Certificates: Public offering of a $524.40 million principal amount structured as a prefunded facility to finance debt for 14 Boeing aircraft to be owned by or leased to Continental Airlines. Closed Nov. 3, 1998. Morgan Stanley Dean Witter, Credit Suisse First Boston, Chase Securities Inc., Donaldson, Lufkin & Jenrette Securities and Salomon Smith Barney acted as underwriters; Westdeutsche Landesbank Girozentrale and Morgan Stanley Capital Services were the liquidity providers; and Credit Suisse First Boston was the depositary. For this transaction, we prepared the first "plain English" prospectus supplement for an EPTC offering
• Continental 1998-EMB1 Enhanced Pass-Through Certificates: Private placement of a $79.79 million principal amount to provide leveraged lease debt for refinancing of eight Embraer ERJ-145 aircraft leased to Continental Express. Closed July 22, 1998. Citicorp Securities acted as placement agent and RZB Finance was the liquidity provider
• AIR Trust 1998-2 Enhanced Pass-Through Certificates: Private placement exchange offer to refinance debt for the leveraged lease of one Boeing 757-224 aircraft leased to Continental Airlines. Closed June 23, 1998. Morgan Stanley Dean Witter acted as dealer manager and De Nationale Investeringsbank NV was the liquidity provider
• Continental 1998-2 Enhanced Pass-Through Certificates: Public offering of a $187.2 million principal amount to refinance the leveraged lease debt of 14 aircraft leased to Continental Airlines. Chase Securities Inc., Credit Suisse First Boston and Morgan Stanley Dean Witter acted as underwriters and Westdeutsche Landesbank Girozentrale was the liquidity provider
• Continental 1998-1 Enhanced Pass-Through Certificates: Public offering of a $772.52 million principal amount structured as a prefunded facility to finance debt for 24 Boeing aircraft to be owned by or leased to Continental Airlines. Closed Feb. 20, 1998. Credit Suisse First Boston, Morgan Stanley Dean Witter and Chase Securities Inc. acted as underwriters; AIG Matched Funding Corp. was the liquidity provider; and Credit Suisse First Boston was the depositary
• Continental 1997-5 Enhanced Pass-Through Certificates: Private placement of a $78.5 million principal amount to provide leveraged lease debt for refinancing of eight Embraer ERJ-145 aircraft leased to Continental Express. Closed Dec. 30, 1997. Citicorp Securities acted as placement agent and Citibank NA was the liquidity provider
• Continental 1997-4 Enhanced Pass-Through Certificates: Public offering of a $752 million principal amount structured as a prefunded facility to finance debt for 24 Boeing aircraft to be owned by or leased to Continental Airlines. Closed Oct. 23, 1997. Morgan Stanley Dean Witter, Credit Suisse First Boston, Chase Securities Inc. and Salomon Brothers Inc. acted as underwriters; Westdeutsche Landesbank Girozentrale and Algemene Bank Nederland-Amsterdam Rotterdam Bank (ABN AMRO) were the liquidity providers; and Credit Suisse First Boston was the depositary
• Continental 1997-3 Enhanced Pass-Through Certificates: Public offering of a $88.59 million principal amount to provide leveraged lease debt for refinancing of nine EMB-145 aircraft leased to Continental Express. Closed Sept. 25, 1997. Morgan Stanley Dean Witter and Citicorp Securities Inc. acted as underwriters and ABN AMRO Bank was the liquidity provider
• Continental 1997-2 Enhanced Pass-Through Trust Certificates: Rule 144A offering of a $155 million principal amount to finance debt incurred by Continental Airlines to purchase ten used aircraft. Closed June 25, 1997. Credit Suisse First Boston and Morgan Stanley Dean Witter acted as Placement Agents and Kredietbank NV was the liquidity provider
• Continental 1997-1 Enhanced Pass-Through Certificates: Rule 144A offering of a $707.3 million principal amount structured as a prefunded facility to finance debt for 30 new Boeing aircraft to be owned by or leased to Continental Airlines. Closed March 21, 1997. Credit Suisse First Boston, Morgan Stanley & Co., Chase Securities Inc. and Goldman Sachs Group Inc. acted as underwriters; ABN AMRO Bank and ING Bank were the liquidity providers; and Credit Suisse First Boston was the depositary. This transaction was the Airfinance Journal 1997 Deal of the Year
• Continental 1996-2 Enhanced Pass-Through Certificates: Rule 144A offering of a $171.75 million principal amount to refinance the debt on five Boeing aircraft owned by or leased to Continental Airlines. Closed May 20, 1996. Morgan Stanley & Co., CS First Boston and Fieldstone FPCG Services LP acted as placement agents and De Nationale Investeringsbank was the liquidity provider
• Continental 1996-1 Enhanced Pass-Through Certificates: Rule 144A offering of a $437.97 million principal amount to refinance leveraged lease debt for 18 aircraft leased to Continental Airlines. Closed Jan. 31, 1996. CS First Boston, Morgan Stanley & Co., Lehman Brothers, Merrill Lynch & Co. and Fieldstone FPCG Services LP acted as placement agents and Credit Suisse was the liquidity provider