White & Case Advises MNG Airlines on Its Business Combination with Golden Falcon Acquisition Corp.

Global law firm White & Case LLP has advised MNG Havayollari Ve Tasimacilik A.S. (MNG Airlines), a global logistics provider and e-commerce enabler, on its entry into a definitive agreement to become a publicly traded company through a business combination with Golden Falcon Acquisition Corp., a special purpose acquisition company, for a pro-forma enterprise value of US$676 million.

The transaction is expected to close in the first half of 2023, after which the combined company will be listed on the New York Stock Exchange under the new ticker symbol MNGA. As a public company, MNGA is expected to gain increased financial flexibility, and to be well positioned to unlock new growth avenues and maximize value creation.

MNG Airlines services more than 15,000 corporate customers across 41 countries through more than 3,500 flights per year, and offers charter services with customized plane and capacity options in addition to scheduled flights and aircraft, maintenance, crew and insurance (ACMI) services. 

The White & Case team was led by M&A partner Matthew Kautz and Capital Markets partner Elliott Smith (both in New York). The team also included M&A counsel Alp Basaran (New York), and associate Ty Akkoyun (New York); Capital Markets associates Adam Berkaw (New York) and Ece Kuregibuyuk (London); Real Estate partner Steven Lutt (New York); Environmental & Climate Change partner Seth Kerschner (New York); Employment, Compensation & Benefits partner Victoria Rosamond (New York) and counsel Samantha Rozell (Chicago); Technology Transactions partner Linda Sim (Los Angeles), and associates Mark Kim and Nashel Jung (both in New York); International Trade partner Cristina Brayton-Lewis and associate Brittany Henderson (both in Washington, DC); Foreign Direct Investment partners Farhad Jalinous, Keith Schomig (both Washington, DC) and Orion Berg (Paris), and associate Tim Sensenig (Washington, DC); Antitrust partners Rebecca Farrington and Eric Grannon, and associate Allain Andry (all in Washington, DC); Data, Privacy & Cybersecurity partner F. Paul Pittman (Washington, DC); and Tax partner Sang I. Ji and associate Adriana Zhan (both in New York). Law clerk Sahra Nizipli assisted on the matter. 

White & Case has a professional association with Istanbul-based GKC Partners. The GKC Partners team included partner Derin Altan and associates Gokcen Durgut and Sehriban Unlu. 

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