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Technology, Manufacturing & Transportation| Client Successes

Airline Looks to Future with Restructured Fleet

Situation

A commercial airline immersed in Chapter 11 reorganization proceedings sought to restructure multiple airframe and engine agreements and to enter into a firm purchase agreement for additional fuel-efficient aircraft.

Result

Our aviation group led negotiations for, and assisted bankruptcy counsel in, obtaining court approval of multiple interrelated aircraft, engine and maintenance agreements, including purchase agreements for a firm order of 100 Boeing Model 737 MAX aircraft, with an option for 60 more. The closing of this transaction was a major milestone to the client’s plan of reorganization.

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