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Commission approves Alitalia asset sale
  • McDermott Will & Emery
  • European Union, Italy
  • November 14 2008

The European Commission has approved the plan by the Italian authorities to sell the assets of the airline Alitalia, which had entered into financial difficulties, under a special insolvency procedure

Hainan Airlines settlement to result in full payment of claims in Dornier Aviation liquidation
  • Wiley Rein LLP
  • USA
  • March 6 2009

When H. Jason Gold was appointed liquidating trustee for the bankruptcy estate of Dornier Aviation (North America), Inc., (DANA) in early 2003, creditors were expected to receive as little as three cents per claim dollar

A practical guide to the Cape Town Convention
  • Dentons
  • Global
  • January 21 2009

For an aircraft financier, among the virtues of the Cape Town Convention and its Aircraft Equipment Protocol (together Cape Town) are that it aims to bring speed, certainty and cost savings to the process of repossessing (and otherwise realising value from) aircraft and engines on an insolvency or other default where these assets are in a country whose legal system would otherwise give cause for concern

Northwest Airlines bankruptcy court rules that members of the “ad hoc equity committee” must disclose all data called for by Rule 2019
  • White & Case LLP
  • USA
  • April 13 2007

Recently, in In re Northwest Airlines Corp., Bankruptcy Judge Allan Gropper issued an opinion requiring a group of hedge funds that had formed an ad hoc committee of equity security holders (the “Ad Hoc Equity Committee”) to disclose “the amounts of claims or interests owned by the members of the committee, the times when acquired, the amounts paid therefor, and any sales or other disposition thereof” in order to comply with Rule 2019 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”

EU to introduce new directives to toughen protection against bankrupt airlines
  • Morton Fraser
  • European Union
  • February 15 2010

The European Commission has proposed measures to protect independent travellers from financial loss if their airline collapses

Statutory liens and aircraft operators
  • Squire Patton Boggs
  • United Kingdom
  • July 9 2010

In the case of Global Knafaim Leasing Ltd & Anor v The Civil Aviation Authority & Ors 2010 EWHC 1348 (Admin), the UK’s High Court held that the Civil Aviation Authority (CAA) and BAA Ltd. (BAA) were entitled to a statutory lien of a lessor’s aircraft, to ensure a lessor pays all the outstanding route and aircraft charges of an insolvent operator and its fleet of aircraft, and not just those related to the aircraft of the lessor

FAA registration law does not preempt state UCC where partially completed airplanes fail to satisfy FAA definition of “aircraft”
  • Reed Smith LLP
  • USA
  • June 15 2011

The debtor had filed its chapter 11 petition while in the process of manufacturing custom designed airplanes for several purchasers

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

Gesner Investments Ltd v Bombardier Inc: termination of aircraft purchase agreement
  • Morton Fraser
  • United Kingdom
  • November 30 2011

In its judgment of 11 October 2011, the English Court of Appeal analysed the terms of an aircraft purchase agreement entered into by Gesner and the aircraft manufacturer Bombardier

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