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Dispute over American Airlines CEO’s $20 million severance may be coming in for a landing
  • Zuckerman Spaeder LLP
  • USA
  • June 3 2013

You might think that a company in bankruptcy wouldn't be able to give its CEO a multi-million-dollar severance payment. But just because a company


Court denies Pinnacle Airlines’ motion to reject collective bargaining agreement: outlines potential resolution
  • Cadwalader Wickersham & Taft LLP
  • USA
  • December 10 2012

Following the pattern recently established by other S.D.N.Y. bankruptcy judges in Hostess and American Airlines, Judge Robert Gerber denied Pinnacle Airlines’ motion to reject its collective bargaining agreement with the Air Line Pilots Association on narrow factual grounds


American AirlinesUS Airways merger: back to square one?
  • Bryan Cave LLP
  • USA
  • September 4 2013

On 13th August 2013, the US Department of Justice (DOJ) and attorneys general from six US states and the District of Columbia filed suit in the US


AlitaliaAir One merger in constitutional limbo
  • McDermott Will & Emery
  • Italy
  • June 5 2009

Italian Decree 1342008, which suspended competition law for crisis buyouts, thereby allowing the merger of Alitalia and Air One, has been called into question following a claim of unconstitutionality brought by consumer association Federconsumatori, Italian airline Meridiana, its subsidiary Eurofly and the province of Milan


Seventh Circuit holds that bankruptcy court improperly reduced oversecured lenders’ claim
  • Schulte Roth & Zabel LLP
  • USA
  • May 13 2009

The U.S. Court of Appeals for the Seventh Circuit held on May 5, 2009, that a group of secured lenders were fully secured and “entitled to a full recovery” from the debtor despite the bankruptcy court’s improper valuation of the collateral (improved airport terminal space) securing the lenders’ underlying $60 million loan


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


Japan Airlines back to normal - completion of the JAL corporate reorganisation
  • Clifford Chance LLP
  • Japan
  • April 8 2011

On 28 March 2011, Japan Airlines ("JAL") successfully exited its corporate reorganisation proceedings following the approval of the Tokyo District Court (the "Court"


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


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


Mexicana Airlines files for bankruptcy
  • White & Case LLP
  • Mexico
  • August 6 2010

Mexicana Airlines has reported that it has filed for bankruptcy protection in Mexico and will seek to reorganize