News & Analysis as of

Debt Restructuring Airlines Commercial Bankruptcy

Seward & Kissel LLP

Always Sunny, No Silver Lining, and Err Supply

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Sunnova files for bankruptcy on residential solar woes | Reuters - On Sunday, June 12, the residential solar panel installer announced that it had filed for Chapter 11 bankruptcy, making it the second company of its kind...more

Shumaker, Loop & Kendrick, LLP

Live and let fly: Turbulence lands SAS in Chapter 11 - Eurofenix, Autumn 2022

On 5 July 2022, SAS AB and 13 affiliates filed for Chapter 11 protection in the Southern District of New York. Owned 44% by the Kingdoms of Denmark and Sweden, SAS encountered financial turbulence resulting from increased...more

Epiq

Where to Next? Travel and Bankruptcy Predictions Remain Foggy

Epiq on

There is no argument that throughout the pandemic, travel has been one of the hardest hit industries. Domestic and international restrictions, capacity limitations, cancelled events, remote operations, illness, and fear...more

Katten Muchin Rosenman LLP

What a Lessor and Secured Lender Should Expect From an Opinion Letter of Local Counsel in a Cross-Border Lease

The leasing of a commercial aircraft to an airline in a foreign jurisdiction presents risks to the lessor and its secured lender, including whether an aircraft may readily be repossessed if a lease event of default occurs....more

Katten Muchin Rosenman LLP

Structuring and Practice for Aircraft Leases to Prevent Lease Payments From Being Clawed Back in a Lessee Bankruptcy

Key Points - The risk that prepetition lease payments made by a lessee that is a debtor in a US bankruptcy will be clawed back from an aircraft lessor can be reduced if: - the lease is a true lease rather than a...more

McDermott Will & Emery

[Webinar] Restructuring Webinar Series - Restructuring in the airline and aerospace sectors - February 18th, 2:00 pm EST

Recent shutdowns and travel bans have had a devastating impact on the airline and aerospace industries. This session will be an engaging discussion between legal, restructuring and M&A experts that will discuss key...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

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