07 December 2020
ABLI held webinar Till the Day We Fly again - Aviation Restructuring Globally and Regionally
On 2 December, the topical subject of aviation restructuring was the theme of ABLI's last webinar of 2020. Despite 11 hours of time difference among them, speakers Joel Hogarth (Managing Director, Eliot & Luther), Kris Ingram (Chief Aviation Officer, Eliot & Luther) and John Marsden (Partner, Mayer Brown) provided attendees with a fascinating and interactive account of the difficulties the airline industry was facing at the moment, the pros and cons of different legal regimes for airline restructuring and the practical considerations in taking possession of aircraft.
The discussion on specific restructuring regimes between Joel and John had its focus on US Chapter 11 and Scheme under Singapore's Insolvency, Restructuring and Dissolution Act, with Indonesia's Suspension of Payment procedures (PKPU) and Thailand's domestic reorganisation option also being mentioned. Industry insider Kris gave attendees a reality check by sharing the difficulties one is likely to face when trying to take possession of aircraft.
As a variation to past webinars, each of the two polls were conducted twice before and after the discussion in this webinar to see if attendees were influenced by what they had heard, an interesting and insightful format.
ABLI thanks all speakers for sharing their years of experience and knowledge, and is also grateful to have received many positive feedback such as that the webinar was "insightful", "refreshing" and "interactive". We are especially delighted to have managed to attract attendees who are not legally trained but whose work is intimately related to the aviation industry.
The Secretariat has shared a short clip of the webinar recording online. A full webinar recording is available and please contact the secretariat if you would like to view the recording.