Work Area: Aviation

Cleary and Mijares steer US$668 million airport tender offer in Mexico

Cleary Gottlieb Steen & Hamilton LLP in New York and Mexico’s Mijares, Angoitia, Cortés y Fuentes SC have helped Aerodrome Infrastructure buy US$668 million worth of shares in local airport operator Grupo Aeroportuario del Centro Norte in a simultaneous tender offer in Mexico and the US.

03 June 2021

Uruguay conditionally clears Iberia-Air Europa deal

Uruguay’s antitrust authority has imposed remedies on a merger for the first time as it conditionally approved Iberia’s proposed purchase of Air Europa.

19 April 2021

Lefosse and Spinelli help GOL restructuring take off

Lefosse Advogados has helped Brazilian low-cost airline GOL absorb its loyalty programme business Smiles Fidelidade as part of a corporate restructuring, in a deal worth 2.5 billion reais (US$441 million).

13 April 2021

Five firms help Azul transfer aircraft to US airline

Pillsbury Winthrop Shaw in New York and Nantes Mello Advogados in São Paulo have helped Brazilian low-cost airline Azul transfer two Embraer aircraft to US counterpart Breeze.

30 March 2021

Ferrere helps resurrected Eastern Airlines launch Miami-Asunción flight

Florida-based Eastern Airlines has hired Ferrere (Paraguay) to obtain permission to set up a regular commercial route for passengers, cargo and mail between Miami and the Paraguayan capital of Asunción.

10 December 2020

Azul issues convertible debentures

Shearman & Sterling LLP in New York and Pinheiro Neto Advogados in São Paulo have helped Brazilian airline Azul issue convertible debentures for US$300 million to replace an alternative funding proposal from local development bank BNDES.

01 December 2020

LATAM Airlines completes debtor-in-possession loan

Multiple international and Latin American law firms have helped in the closing of LATAM Airlines’ US$2.45 billion debtor-in-possession (DIP) financing, after overcoming several judicial hurdles.

14 October 2020

Avianca gets debtor-in-possession financing

US firm Milbank and Gómez-Pinzón in Bogotá have helped Colombian airline Avianca obtain a US$2 billion debtor-in-possession (DIP) financing, after getting approval from a New York bankruptcy court.

13 October 2020

New York court rejects LATAM debtor-in-possession financing

A New York court has rejected a US$2.4 billion debtor-in-possession (DIP) loan secured by Chilean airline LATAM from its shareholders, finding it had the effect of forcing an equity swap in a future restructuring.

17 September 2020

LATAM Brazil joins Chapter 11 after recognition in Chile and Colombia

LATAM Airlines Brasil has joined in the New York Chapter 11 proceedings of its South American parent, as the group secured recognition of its US bankruptcy in Chile and Colombia. By Teodor Teofilov

13 July 2020

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