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Experience

Major Airline Bankruptcies

Major National Bank and Trust Company

In several major U.S. airline Chapter 11 cases, represented national bank as trustee in connection with the financing of a significant number of debtors’ aircraft. Scope of representation included, among other things, representation of client as a member of unsecured creditors’ committees, prosecution and liquidation of billions of dollars of secured and unsecured claims to maximize recovery to bondholders, negotiation of critical legal issues and documentation concerning the restructuring of aircraft leases, loans and securitizations, and the management, foreclosure and sale of several aircraft.
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