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Aviation Industry Bankruptcy Code

Pillsbury Winthrop Shaw Pittman LLP

Second Circuit Affirms Priority Payment of Broker Fees Included in Aircraft Leases Utilizing the “Billing-Date Approach” Under...

Under Section 365(d)(5), lease obligations arise when payments become due, requiring debtors to comply with all lease obligations post-petition unless and until the lease is rejected within the statutory grace period. On...more

Jones Day

Singapore Court Issues Landmark Decision Recognizing Indonesian Restructuring Plan

Jones Day on

The Singapore International Commercial Court ("SICC") has handed down its first insolvency-related ruling. The court granted recognition and full force and effect to Indonesia's flagship airline's restructuring plan. That...more

King & Spalding

The Airline Industry and the CARES Act: What Secured Lenders Need to Know

King & Spalding on

Since its enactment, aviation related companies have received well over $50 billion in grants and loans under the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) that was passed in March 2020. But how do...more

White & Case LLP

Take it from us: Tips for aviation and aerospace professionals on navigating a business transformation - Practical advice on...

White & Case LLP on

If you are an aviation professional in the COVID-19 era, you are likely learning about, or reacquainting yourself with, the restructuring process. Airlines, helicopter operators and their principals and managers who have...more

Vedder Price

Can Airlines Seek Relief under EETC Financing?

Vedder Price on

Due to the ongoing COVID-19 pandemic and the resulting economic malaise, lenders and investors are seeing a flood of requests from borrowers and issuers for relief on debt service payments. For private financings where there...more

Vedder Price

PDP Financing: An Overview

Vedder Price on

This article discusses pre-delivery payment—or PDP—financing transactions for aircraft. PDPs are progress payments that a purchaser makes to a manufacturer while new aircraft are being built. ...more

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