Felipe Escalona Boyd

Felipe Escalona is part of Galindo, Arias & Lopez since 2008, and focuses his practice in the areas of Aviation, Corporate and Commercial Law, Banking, Insurance and Capital Market, and Project and Assets Finance.

Felipe counsel clients – the majority of which are multinational corporations- on the establishment of their business operations in Panama. He frequently participates in complex project finance transactions, provides crucial advice to companies in a range o industries and sectors such as aviation, insurance, construction, real estate, banking and goods of mass consumption, and is regularly involved in the financing and acquisition of airplanes.

He takes a business -minded approach that allows him to offer practical solutions that are tailored to his client’s business objectives. Among his clients are included numerous well-known local and foreign companies spanning all key sectors of Panamanian economy, as well as, large multinational corporations based in Latin America, Europe and United States.

Relevant Transactions

  • Advised Copa Airlines in the financing, lease, and registration of four (4) Boeing 737-800 aircrafts, under the “Japanese Operating Leases with Call Option” (JOLCO) structure.
  • Advised Turkish Airlines in connection with the establishment of the Company’s branch in Panama and all needed permits to operate the route Istanbul-Bogota-Panama.
  • Advised Servair, a subsidiary of Air France, in the establishment of a catering airline unit in the Republic of Panama.

Articles and Publications

  • “Aviation Industry Growth”, published in the IFLR Review (May 2016)
  • Panama Correspondent for the Brazilian aviation magazine “Flap International”, since 2008.
  • Author of various articles regarding both civil and commercial aviation in Panama and across Latin America, which have been reproduced in various publications in the aeronautical industry.

Recognition and Awards

  • Recognized as Corporate and M&A “recommended lawyer” by the fourth edition of the Legal 500 Latin America (2015).
  • Included in IFLR’s Financial and Corporate Guide 2014, as one of the three recommended lawyers in aviation, and the only one for insurance in Panama.



  • English
  • Spanish
  • Education

    • Master in Business Administration, MBA, Instituto de Empresa Business School, Madrid, Spain (2008)
    • Bachelor of Law and Political Science,  Magna Cum Laude, Universidad Cátolica Santa María la Antigua (USMA), Panama (2007)

    Contact information

    Tel: +507 303-0303
    Fax: +507 303-0434