Acquisition - TWA Assets
American Airlines in its acquisition of Trans World Airways (TWA) assets out of Chapter 11 proceedings.
Advising American Airlines in its acquisition of a minority interest in Aerolineas Argentinas, SA (Argentina)
Advising American Airlines in its acquisition of a minority interest in Aerolineas Argentinas, SA (Argentina), including extensive due diligence and shareholder agreement.
Advising AMR in international restructuring of its Sabre business in Latin America
Advising AMR in the international restructuring of its information technology Sabre business located in over 40 jurisdictions in Mexico and other parts of Latin America, the Caribbean, Europe, and Asia.
America West Airlines
Represented GE Public Finance as lender to America West Airlines for the construction of the baggage handling system at the new Denver Airport. Successfully obtained payment in full for client before confirmation of plan because of threat of not allowing completion of project.
American Airlines Acquisition of TWA's Assets - Latin America and Caribbean
Advised American Airlines in the acquisition of Trans World Airways (TWA) assets out of Chapter 11 proceedings. Aircraft were located in the U.S. and 13 foreign jurisdictions, including Mexico and parts of Latin America, Caribbean, Europe, and the Middle East.
Bankruptcy Case - Major Airline Company
Represented this major international passenger airline in its historic first Chapter 11 case in Houston in the 1980’s. This case involved precedent setting litigation regarding the status of union contracts in Chapter 11 proceedings.
Debtor Representation - Atlas Air Worldwide Holdings, Inc.
Completed the successful restructuring of this company’s financial affairs, including restructuring more than $2.5 billion of debt in a bankruptcy case that was completed in only six months. Significant achievements in this case included restructuring the company’s enhanced equipment trust certificates (the first time this has ever been accomplished in a Chapter 11 case), restructuring all of the company’s leveraged leases and financed aircraft, effectuating the substantial buildup of cash during Chapter 11, and effectuating a rights offering of new common stock to creditors pursuant to the Chapter 11 plan. Atlas operated in Europe, the Middle East, and Asia and the reorganization involved coordination with numerous foreign jurisdictions and regulatory authorities.
Debtor Representation - Kitty Hawk, Inc.
Represented the debtor-in-possession, a publicly held non-integrated air cargo airline, in its tumultuous Chapter 11 proceedings in Fort Worth, Texas. The case involved the restructuring of $340 million of public bond debt as well as hundreds of millions of bank debt and trade debt.
Debtor-in-Possession Financing - International Air Cargo Company
Represented a major international air cargo company in the negotiation, documentation and closing of debtor-in-possession financing and a subsequent exit working capital credit facility, in connection with its Chapter 11 Bankruptcy proceeding.
MAIR Holdings, Inc.- Mesaba Airlines, Inc. and Northwest Airlines, Inc.
Out-of-court litigation and r
epresentation of airline holding company, MAIR Holdings, Inc. in connection with the sale of stock of Mesaba Airlines, Inc. to Northwest Airlines, Inc., as part of the Chapter 11 cases of both airlines.
Mexicana Airlines - Chapter 15
Representation of American Airlines' interests related to the Concurso proceedings of the Mexican passenger airlines Mexicana, including proper treatment of claims arising under a codesharing agreement and an interline agreement.
Representation of Debtor - ATA Corporation
Represented this national certificated air carrier in its orderly Chapter 11 liquidation in the bankruptcy court in Indianapolis, Indiana. The case involves significant issues relating to the status of union contracts and WARN Act claims in airline liquidations.
Sale of Catering Business to Gate Gourmet
Advising Aerolineas Argentinas, SA (Argentina) in the sale of its majority controlled catering business to Gate Gourmet.