Donald Gray
Partner | Toronto
Toronto: 416-863-2750

Donald advises a number of aircraft and engine lessors, financiers, manufacturers, and domestic and international airlines on aircraft finance and aviation commercial and regulatory law matters. He is also head of our aircraft finance practice and Co-Practice Group Leader of the Firm's Aviation & Aerospace Group.

Donald has considerable airline industry experience, including as vice-president and general counsel of an international charter airline, an Air Canada regional connector and an international cargo carrier. He also served as vice-president, maintenance and engineering, for the airline group.

Donald is an active aircraft owner and IFR (instrument flight rules) rated pilot. He holds Canadian, U.S. and South African aviation documents.


  • Advised on the financing or refinancing of more than 700 aircraft over the past 10 years
  • Played a leading role on behalf of aircraft lessors and financiers in every significant Canadian airline bankruptcy proceeding in the last 25 years, including Wardair, Odyssey International Airlines, Vacationair, Worldways, Nationair, Can-Air Cargo, Vistajet, Canadian Airlines International Ltd., Inter-Canadien, Canada 3000, Royal Airlines, All-Canada Express, Knighthawk, Air Canada, Jazz, Jetsgo, Zoom Airlines, Skyservice and Aveos, among others
  • Represented GECAS in the Air Canada Restructuring, which received an Airfinance Journal "Deal of the Year Award" in 2004

Donald is regularly recognized as a leading lawyer in aviation law and equipment finance law including, most recently, in the following publications and awards:

  • Chambers Canada 2018 (Band 1 - Transportation: Aviation - Canada)
  • The Legal 500 Canada 2018 (Transportation - Aviation)
  • IFLR1000: The Guide to the World's Leading Financial Law Firms - 2018 Edition (Asset Finance)

  • Who's Who Legal: Canada 2017 (Aviation)
  • Who's Who Legal Awards 2017: Global Lawyer of the Year for Transport - Aviation Finance
  • Chambers Global: The World's Leading Lawyers for Business 2017 (Band 1 - Transportation: Aviation - Canada)
  • Chambers Canada: Canada's Leading Lawyers for Business 2017 (Band 1 - Transportation: Aviation: Finance - Canada)
  • The Canadian Legal Lexpert Directory 2017 (Consistently Recommended - Aviation (Regulation & Liability); Consistently Recommended - Asset Equipment Finance/Leasing)

  • The Best Lawyers in Canada 2017 (Aviation Law and Equipment Finance Law; named Best Lawyers' Toronto Aviation Law Lawyer of the Year in 2015)

  • Who's Who Legal: Transport 2017 (Aviation Finance: Donald is "described by sources as 'one of the best-regarded aviation finance lawyers in North America'. They add: 'The confidence his clients have in him is extremely impressive'.")
  • Who's Who Legal: Thought Leaders 2017 (Transport - Aviation Finance)
  • The Canadian Legal Lexpert Directory 2016 (Repeatedly Recommended - Aviation (Regulation & Liability); Consistently Recommended - Asset Equipment Finance/Leasing)
  • Who's Who Legal: Canada 2016 (Most Highly Regarded Individual - Aviation)
  • Legal Media Group's The Best of the Best 2016 - Recognized as a top aviation expert in Canada
  • Legal Media Group's Guide to the World's Leading Aviation Lawyers 2015
  • Who's Who Legal 2015 (Transport - Aviation Finance)
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Co-author: The Cape Town Convention and aircraft protocol's substantive insolvency regime: a case study of Alternative A
Cape Town Convention Journal, Vol. 5 - 2016, Issue 1, Taylor & Francis, March 20, 2017.
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