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Results: 1-10 of 65

Olympic Airlines: starting UK insolvency proceedings against a company already in insolvency in another member state.

  • Freshfields Bruckhaus Deringer LLP
  • -
  • European Union, United Kingdom
  • -
  • June 28 2013

The Court of Appeal’s judgment in The Trustees of the Olympic Airlines SA Pension & Life Insurance Scheme v Olympic Airlines SA 2013 EWCA Civ 643

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

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

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

Exercise of the fleet lien in the UK

  • Morton Fraser
  • -
  • United Kingdom
  • -
  • July 30 2010

An aircraft leasing company, Global Knafaim Leasing Ltd (“GKL”) leased an aircraft to Zoom Inc (“Zoom”), a Canadian airline. In August 2008 Zoom fell into financial difficulties and soon after went into liquidation

Southern Air files Chapter 11 petitions for bankruptcy in Delaware

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • October 3 2012

On September 28, 2012, Southern Air Holdings, along with various related entities, filed chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware

Ready for take-off: creating a more creditor-friendly insolvency regime for Australian aviation finance

  • Corrs Chambers Westgarth
  • -
  • Australia
  • -
  • February 11 2013

Australia has signed on to a new framework that will standardise aircraft financing transactions the world over. It's positive news for those in

Enquêtes de la Commission européenne concernant des aides à la restructuration en faveur des companies aériennes

  • CMS DeBacker
  • -
  • European Union
  • -
  • March 4 2014

En décembre 2013, Chypre a notifié à la Commission européenne une aide de 102,9 millions EUR pour la restructuration de

Impact of a client’s bankruptcy on its tort liability

  • Alston & Bird LLP
  • -
  • USA
  • -
  • January 27 2012

While bankruptcy law and tort law may not seem related, it is important to know if your client has ever gone through a bankruptcy and, if so, the terms of its plan of reorganization

Departing business rescue a one-way ticket to liquidation

  • DLA Cliffe Dekker Hofmeyr
  • -
  • South Africa
  • -
  • November 14 2012

On 21 August 2012, 1Time Holdings Limited announced that it was placing its subsidiaries, 1Time (Pty) Ltd and Jetworx Aircraft Services (Pty) Ltd, under business rescue as a result of their being in financial distress