40 King St W, Suite 2100, Scotia Plaza, Toronto, ON
Year called to bar: 1992 (ON)
Carlo Vairo specializes in all areas of asset finance and leasing with a particular emphasis on aircraft transactions. He advises lenders, lessors, manufacturers and operators of aircraft, rolling stock and other assets in respect of all aspects of acquisition, sale, financing (including pre-delivery financing), tax-based leasing and operating leasing. Carlo also provides advice on and has extensive experience with aviation commercial and regulatory law matters. Carlo is an accredited Professional Engineer (PEng) in Ontario. Carlo is repeatedly recognized by key legal publications as one of Canada's leading lawyers in the area of aviation law.
Exchange Income Corporation, a diversified, acquisition-oriented company, acquired Provincial Aerospace Ltd., a diversified Canadian-based aerospace and aviation company for total consideration of $246 million, of which approximately $12 million was paid in EIC common shares and the balance of which was financed through a credit facility with a syndicate of lenders.