Strategic Considerations for International Airlines Restructuring under Chapter 11
By Luke Barefoot, Partner & David Schwartz, Associate, Cleary Gottlieb Steen & Hamilton LLP
Since 2020, at least five multinational airlines have filed for Chapter 11 bankruptcy1 protection before the U.S. Bankruptcy Court for the Southern District of New York.2 These cases provide a lens through which airlines and restructuring professionals can view potential...
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David Schwartz is an associate with Cleary Gottlieb in New York. His practice focuses on bankruptcy and litigation. He has represented a wide variety of clients, including debtors and creditors in bankruptcy proceedings and parties in restructuring-related and civil litigations. Schwartz joined Cleary Gottlieb in 2016.
Luke Barefoot is a partner with Cleary Gottlieb in New York. His practice focuses on bankruptcy litigation, insolvency, corporate restructuring, and related litigation matters, with a particular focus on cross-border and international bankruptcy disputes. Barefoot joined Cleary Gottlieb in 2004 and became a partner in 2013.