Background
GC Connected - GC & Senor Lawyer Directory
Mayuka Ranasinghe

Mayuka Ranasinghe

General Counsel
Universal Resorts

– Completed SRA SQE 1.SRA SQE 2 Candidate. – An accomplished Legal Counsel with both in-house and law firm experience. – Knowledge and experience in airline and hospitality industry. – PQE 15+ years. – Proven experience in performing the General Counsel role for 10+ years in Sri Lanka and overseas. – Handling multi-jurisdictional legal issues. – Implementing policies and procedures across the organization to mitigate and manage risks and exposures. – Known for expertise to reduce commercial and legal risks in drafting, reviewing, negotiating and finalizing complex and cross border contracts. – Expert in achieving best terms in settling passenger and cargo claims against airlines. – Some of Key Achievements: * Led the contract finalization stage in several Pre-Delivery Payment and Sale and Lease Back transactions with aircraft lessors such as Aercap, Aircastle, Air Lease Corporation, Avolon. * Legal lead of the widebody and narrow body refleeting programme of SriLankan Airlines in 2013/2014 which entailed leading the contract negotiating phase in purchasing several A330 and A350 aircraft from Airbus S.A.S, leasing A320NEO, A321 and A321NEO, B737-800, purchasing engines and support services from Rolls Royce plc, CFM, purchasing various BFE and ACS items from OEMs. * Legal lead in negotiating more than 25 aircraft operating leases with high profile aircraft leasing companies such as Aercap, Air Lease Corporation, Aircastle, CIT, Avolon, Al-Jazeera Leasing etc. * Played the role of lessor’s legal counsel in sub-leasing widebody aircraft in SriLankan Airlines’ fleet to Pakistan International Airlines, Oman Air and Hi Fly. * Member of the negotiating team of the Airline which settled claims totaling more than USD 200 million with Aercap, Thales Avionics Inc., and Rolls Royce plc on account of premature termination of four (4) A350-900 aircraft leases. * Legal lead in the merger of SriLankan Airlines Limited and Mihin Lanka Private Limited, both of which owned by the Government of Sri Lanka. * Prevented the attempt by PA Consulting to liquidate SriLankan Airlines Limited through timely and strategic actions with zero media attention. – Recipient of the following accolades: * Outstanding Young Personality in Legal Administration in Sri Lanka 2014 awarded by of the Junior Chambers International, Sri Lankan Chapter. * Airline’s Legal Counsel in the Best Aircraft Pre Delivery Payment Financing Deal in 2014 adjudged by the Airfinance Journal.

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