AIRLINE RESTRUCTURINGS IN ASIA-PACIFIC: A CREDITORS' PERSPECTIVE

Aviation | 19/12/2025

In this article, the authors discuss the lessons they learnt in advising aircraft lessors and financiers in the insolvency restructuring or liquidation of various airlines in seven jurisdictions in the Asia-Pacific region since the covid-19 pandemic.

DISCUSSION POINTS

Tension between international treaties on aviation finance and local insolvency protection laws and attempts to resolve it in judicial practice and
Whether aircraft lessors should be classified as secured or unsecured creditors for approving the lessee's restructuring scheme
Problems in repossessing aircraft from an insolvent airline and possible solutions
Application of security deposits by aircraft lessors
Treatment of guarantees in the primary debtor's insolvency restructuring

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This article first appeared on globalrestructuringreview.com on 15 August 2025.