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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

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

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 Airlines CEO Tom Horton one step closer to free lifetime travel. Oh, and $20 million
  • Zuckerman Spaeder LLP
  • USA
  • June 6 2013

American Airlines' CEO, Tom Horton, moved one step closer to receiving the $20 million severance payment he's negotiated with the bankrupt airline

Pension Protection Fund changes following Olympic Airlines case
  • Mayer Brown LLP
  • European Union, Greece, United Kingdom
  • July 18 2014

The regulatory amendments drawn up by the Secretary of State for Work and Pensions following the outcome in Trustees of Olympic Airlines SA Pension &

Latest trends in the enforceability of make-whole premiums
  • Cole Schotz PC
  • USA
  • February 4 2013

A lender's entitlement to a make-whole premium, that is, a prepayment penalty designed to compensate the lender for the loss of interest payments it

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

On bankruptcy procedure of Aerosvit
  • Asters
  • Ukraine
  • January 10 2013

On 29 December 2012, pursuant to the order of the Commercial Court of the Kyiv Region, the bankruptcy proceedings in respect of Aerosvit were

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

McCaskill-Bond amendment applies to bankrupt air carrier
  • Kelley Drye & Warren LLP
  • USA
  • January 17 2012

In mid-2009, Midwest Airlines was losing money and in dire financial circumstances