Irish restructuring procedures hold strong during Covid crisis

Airlines and aircraft leasing firms have shown their resilience despite an unprecedented plunge in the market

Laura Cunningham, partner in Arthur Cox’s Aviation Group

Irish procedures for restructurings in the aviation sector have proven to be resilient and effective during the coronavirus pandemic, according to law firm Arthur Cox.

A number of aviation companies have gone through various proceedings, such as examinerships and schemes of arrangement, and that resilience will need to hold strong to see out this crisis.

Several months into the pandemic, the landscape has adapted as airlines and aircraft leasing firms have taken stock of their ...