The bankruptcy Pegasus: stalking horse agreements in aviation -
The Covid-19 pandemic has had a significant impact on the aviation industry, with regular international travel being halted for prolonged periods since March...more
1/18/2022
/ 363 Sales ,
Aircraft ,
Airlines ,
Asset Purchase Agreements ,
Asset Purchaser ,
Aviation Industry ,
Bids ,
Chapter 11 ,
Commercial Bankruptcy ,
Contract Terms ,
Coronavirus/COVID-19 ,
Creditors ,
Debtors ,
Distressed Assets ,
Distressed Debt ,
Stalking Horse Bids ,
UK
What is a credit bid?
In certain circumstances, a secured lender can ‘bid’ its secured claim against the purchase price in a sale of the secured assets. The secured lender can compete with cash bids for the collateral,...more
As most global markets attempt a return to normal (or a new form of normal) business, it is hard to imagine a sector or an industry that isn’t already reeling from the effects of the past three months. Getting back on your...more