In recent years, several major US airlines have entered into loan facilities secured solely by certain of its slots, gates and routes (“SGR”). This alert provides (i) a brief overview of SGR, (ii) how SGR collateral may be...more
8/5/2020
/ Airlines ,
American Airlines ,
Borrowers ,
Collateral ,
Coronavirus/COVID-19 ,
Debt Financing ,
Delta Airlines ,
Department of Justice (DOJ) ,
Department of Transportation (DOT) ,
Federal Aviation Act ,
Federal Aviation Administration (FAA) ,
Lenders ,
Uniform Commercial Code (UCC) ,
United Airlines
On February 14, 2019, Judge Lane of the Bankruptcy Court for the SDNY issued an opinion in Republic Airways Holdings Inc. addressing whether the liquidated damages provisions in certain aircraft “true leases” under Article 2A...more
2/20/2019
/ Actual Damages ,
Aircraft Financing ,
Debtors ,
Fair Market Value ,
Guarantors ,
Lease Financing ,
Lease Term ,
Lessor ,
Liquidated Damages ,
Public Policy ,
Unenforceable Contract Terms ,
Uniform Commercial Code (UCC) ,
Value-Based Fees