Airlines

Hosted by the International, Legislation and Secured Credit Committees
This panel will examine and discuss recent trends and issues in the chapter 11 reorganizations of airlines, including foreign-based airlines that have sought chapter 11 protection in the U.S., such as Avianca and LATAM. Additionally, the panelists will analyze governmental and legislative initiatives in the U.S. taken in response to COVID-19 that at the time staved off formal reorganization proceedings for U.S.-based airlines.

From the outset of AMR's chapter 11 filing in November 2011, the Creditors' Committee focused on working closely and collaboratively with the Debtors to craft innovative solutions for the airlines' labor and pension issues and to systematically evaluate AMR's restructuring alternatives, identify a path for emergence that maximized the value of the airline, and craft a confirmable plan of reorganization that would command the strong support of general unsecured creditors and other economic stakeholders.