The bankruptcy Pegasus: stalking horse agreements in aviation -
The Covid-19 pandemic has had a significant impact on the aviation industry, with regular international travel being halted for prolonged periods since March...more
1/18/2022
/ 363 Sales ,
Aircraft ,
Airlines ,
Asset Purchase Agreements ,
Asset Purchaser ,
Aviation Industry ,
Bids ,
Chapter 11 ,
Commercial Bankruptcy ,
Contract Terms ,
Coronavirus/COVID-19 ,
Creditors ,
Debtors ,
Distressed Assets ,
Distressed Debt ,
Stalking Horse Bids ,
UK
The aviation sector accounts for approximately 2% of annual carbon emissions resulting from human activity. Prior to the onset of the global Covid-19 pandemic, passenger numbers were expected to increase to 8.2 billion by...more
Covid-19 hit the aviation industry at speed with its immediate and almost global impact requiring urgent responses from airlines, lessors, financiers and industry suppliers to apply emergency measures to, in some cases,...more
Dear Aircraft Lessor
Re: COVID 19: Aircraft Lease Agreements relating to Relevant Aircraft -
I am writing to inform you that our business has been materially and adversely affected by the COVID 19 pandemic....more