Following HNA Group’s anticipated bankruptcy and restructuring notice, this information sheet gives some insight into the restructuring and reorganisation processes and to be preparing offshore creditors for the “next steps”.
OUR STRONG SECTOR FOCUS IN AVIATION MEANS THAT WE UNDERSTAND THE BUSINESS OF RUNNING AN AIRLINE.
We advise the world’s leading airlines on all areas of their business, including finance and leasing, capital markets, restructuring and insolvency, corporate, dispute resolution, tax, regulatory and employment law across Europe, Asia, the Middle East and the USA.
We know the pressures exerted on airlines from passengers, crew, airports, regulatory authorities, lessors, financiers and shareholders. Our thorough understanding of the challenges and latest developments in the sector, enables us to guide clients through turbulent times to best reach their strategic and commercial goals.
As authors of the highly regarded COVID-19 Aviation Restructuring Report, we were the first law firm to consider the options available for an airline’s path to recovery, including restructuring and State Aid.
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This article explores a recent High Court judgment on whether a restructuring plan can be used by debtors to modify their obligations under certain leases and security agreements to which the Cape Town Convention applies.
This article gives insight into post-Brexit English court jurisdiction clauses in light of the outcome of the Etihad Airways PJSC v Flöther case.