Clifford Chance advised TRU Simulation + Training Inc., a subsidiary of Textron Inc. (NYSE: TXT), in connection with its joint venture with FlightSafety International, a subsidiary of Berkshire Hathaway Inc.
The joint venture will provide industry-leading training solutions for Textron’s broad product line of business and general aviation aircraft, including certain aircraft manufactured by Textron Aviation Inc., a Textron Inc. subsidiary. Terms of the transaction have not been disclosed.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. TRU Simulation + Training Inc. delivers total aviation training solutions to commercial and military markets while providing superior technical support and customer service. Textron Aviation Inc. is the leading general aviation authority and home to the Beechcraft, Cessna and Hawker brands, which account for more than half of all general aviation aircraft flying. FlightSafety International is the world’s premier professional aviation training company and supplier of flight simulators, visual systems and displays to commercial, government and military organizations.
The Clifford Chance team was led out of New York by partner Benjamin Sibbett (Picture) and associates Matthew Warner, Christine Kim and Eric Schaffer. Partner Philip Wagman and associate Sean Smestad advised on tax matters; partner Howard Adler and associate Atul Jain advised on employment matters; counsel Daryl Fairbairn and associate Jennifer Saionz advised on intellectual property matters; and counsel Victoria Manthas advised on real estate and environmental matters.
Involved fees earner: Howard Adler – Clifford Chance; Daryl Fairbairn – Clifford Chance; Atul Jain – Clifford Chance; Victoria Manthas – Clifford Chance; Jennifer Saionz – Clifford Chance; Eric Schaffer – Clifford Chance; Benjamin Sibbett – Clifford Chance; Sean Smestad – Clifford Chance; Philip Wagman – Clifford Chance; Matthew Warner – Clifford Chance; Christine Kim – Shearman & Sterling;
Clients: TRU Simulation + Training Inc.;