Coblentz teamed with Greene Radovsky Maloney Share & Hennigh LLP in advising Sky Holding Company, LLC in the recent formation of Jackson Square Aviation, LLC, and in connection with the commitment of $500 Million to Jackson Square Aviation's parent company by investment funds managed by Oaktree Capital Management. Coblentz partners, Richard Patch, Paul Tauber and Sara Finigan, together with tax counsel Joseph Radovsky and Ronald Garrity of Greene Radovsky represented Sky Holding in the transaction. Richard Patch described the deal as "providing Jackson Square Aviation with the resources and outreach to become a major force in the financing of commercial aircraft acquisitions and the execution of long-term sale and leaseback transactions." Jackson Square Aviation has already entered into transactions with Avianca and Air Berlin for ten A320 and B737NG aircraft.
Jackson Square Aviation will be a full-service aircraft leasing company emphasizing sale/leasebacks of next-generation technology. It is based in San Francisco with offices in Seattle, Miami, Buenos Aires, and a European office to open in 2010. Previously, through Pegasus Aviation and Sky Holding, the management team, led by Richard Wiley, Toby Bright, and Scott Weiss, has acquired over $10 billion of aircraft and purchased and/or remarketed over 400 aircraft. Sky Holding, a full-service aircraft leasing platform, will continue to operate separately from Jackson Square Aviation. Oaktree Capital Management, headquartered in Los Angeles, is a global alternative and non-traditional investment manager with approximately $73 billion in assets under management.