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Results: 1-10 of 26

We all need somebody to lien on

  • Wiley Rein LLP
  • -
  • USA
  • -
  • April 29 2008

With the latest wave of bankruptcies sweeping the aviation and airline industries, you will find bankers and lawyers sweating over the priority and perfection of their aircraft liens

Surviving the aircraft financial pandemic

  • Wiley Rein LLP
  • -
  • USA
  • -
  • July 28 2009

There are signs of hope in the aviation marketplace, with the slow return of financing and the apparent bottoming-out of aircraft values

Decision in Eclipse Aviation addresses subject matter jurisdiction of the bankruptcy court

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • August 18 2010

On August 4, Judge Mary F Walrath issued an opinion in the Eclipse Aviation bankruptcy that discusses the scope of the Court's subject matter jurisdiction

Bankruptcy trustee in Eclipse Aviation files preference actions

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • November 30 2010

In November, Jeoffrey Burtch, the Chapter 7 Trustee in the AE Liquidation bankruptcy (formerly "Eclipse Aviation"), began filing preference actions against various creditors of Eclipse

Trustee in Sunset Aviation commences preference actions

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • March 21 2011

Last month, the Chapter 7 Trustee in the Sunset Aviation bankruptcy began filing preference actions against various defendants seeking the recovery of alleged avoidable transfers

Aircraft leasing update: second circuit gives liftoff to billions in unsecured tax indemnity claims

  • Jones Day
  • -
  • USA
  • -
  • April 13 2011

When an airline goes bankrupt, do the owner participants in aircraft leverage-lease transactions have a right to recover on monetary claims (worth billions) based on tax indemnification agreements ("TIAs")? The answer lies in the meaning of the words "paypaidpays," which had been the subject of conflicting interpretations in the bankruptcy and district courts in the Northwest Airlines and Delta Air Lines bankruptcy cases

American Airlines files for bankruptcy

  • Patterson Belknap Webb & Tyler LLP
  • -
  • USA
  • -
  • November 30 2011

Earlier today AMR Corporation, its subsidiary American Airlines, Inc., and 18 other affiliates ("Debtors") filed petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York in Manhattan

What does the American Airlines' chapter 11 filing mean for creditors?

  • Calfee Halter & Griswold LLP
  • -
  • USA
  • -
  • December 8 2011

On November 29, 2011, AMR Corporation, the parent company of American Airlines and American Eagle, and certain of its U.S. affiliates, including American Airlines and American Eagle, filed voluntary petitions for chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York

Seventh Circuit gives guidance on McCaskill-Bond amendment to Federal Aviation Act

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • December 9 2011

The McCaskill-Bond Amendment to the Federal Aviation Act provides that a merger of air carriers requires the new entity to merge the seniority lists of the two carriers’ employees

Commercial division rules on enforceability of liquidated damages clauses

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • February 13 2012

In Wells Fargo Bank Northwest v. US Airways, Inc., 2011 NY Slip Op 52188(U) (Sup. Ct. N.Y. County Dec. 1, 2011), Justice Bernard J. Fried held that a liquidated damages provision requiring payment of a holdover fee equal to twice the monthly rent was reasonable and did not function as a penalty under New York contract law

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