Bird & Bird's Legal Update: COVID 19 - airline insolvencies

27 November 2020

10:00 - 11:00 GMT

Airlines and the aircraft investor community continue to face existential challenges as a result of the COVID pandemic. Despite many airlines having resumed operations, as we move into the northern hemisphere winter, it's predicted that life in the industry may get harder before it gets better.

Numerous airlines have declared that they are still unable to meet aircraft lease rent or finance payments and regular discussions are ongoing between the relevant parties in this regard - with restructurings at the fore.

Most airlines will survive the crisis; some will not, at least not in their current form, or have already unfortunately succumbed. Many are now involved in, or are actively considering, formal administration and business rehabilitation measures in an effort to avoid insolvency. Even those airlines with a strong enough balance sheet to survive for now are looking at what their less robust competitors are doing by way of restructuring in order to ensure they are able to remain competitive post-crisis.

Following on from our recent webinars, Active asset management during the COVID-19 crisis and Aircraft repossession and redeployment, please join our live discussion where our team of subject matter experts will be joined by a highly experienced industry figure to discuss some of the issues surrounding airline restructurings, including the UK's new CIGA regime and its interaction with the Cape Town Convention.

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