Aviation & Aerospace
Restructuring
Weil has successfully led groundbreaking representations in aviation, aerospace, and adjacent industries for decades. We understand restructurings in this space require coordinated solutions across fleet, liquidity, capital structure and operations. Aviation and aerospace companies often have global assets and operations, as well as cross-border liabilities and creditors, aligning well with Weil’s seamless multi-jurisdiction platform, and in particular our integrated U.S. and London restructuring teams. We advise across the full spectrum of alternatives: contingency planning, stakeholder engagement, out-of-court negotiations, in-court implementation and post-emergence capitalization. This includes mandates all around the table: companies, creditors, and investors. With an experienced and agile team, Weil is uniquely positioned to handle these matters.
Our Restructuring practice is further strengthened by close collaboration with Weil’s premier Banking & Finance, Capital Markets, and M&A practices. We regularly structure and negotiate debtor-in-possession and exit financing facilities, backstopped rights offerings and equity solicitations, and complex liability management and capital markets transactions designed to stabilize and recapitalize businesses. Where value-maximizing transactions are required, we execute strategic asset sales, section 363 transactions, and broader M&A processes—whether in- or out-of-court—ensuring seamless coordination and an efficient, value maximizing process. This cohesive platform enables us to deliver comprehensive, transaction-oriented solutions tailored to the demands of sophisticated restructuring matters.
Corporate
Leveraging one of the world’s premier Corporate platforms, Weil advises leading aviation and aerospace companies, investors, and other key industry participants on complex, high-value transactions across the full spectrum of domestic and cross-border aviation and aerospace transactions. Our integrated team delivers commercially focused advice while accounting for the operational, regulatory and technological considerations unique to the aviation and aerospace industry. Our experience includes:
- Public and private mergers, acquisitions, joint ventures and divestitures involving airlines, lessors, manufacturers, suppliers and aviation services businesses, as well as private equity sponsors and their portfolio companies.
- Banking and finance transactions, including acquisition financings, asset-based and structured financings, capital markets offerings, and other debt and equity raises.
- Infrastructure transactions involving airports, logistics hubs and other facilities supporting aviation and aerospace operations.
- Technology and IP transactions, including the development, commercialization, licensing and protection of technology, software, data and other intellectual property assets central to next-generation aviation and aerospace platforms.
Litigation
Weil represents top global aviation and aerospace companies in high-stakes disputes that can materially affect operations, market position, and enterprise value. As lead trial counsel, we advise a range of manufacturers, suppliers, lessors, airlines, defense contractors, and space-sector participants in complex matters across U.S. courts, arbitral forums, and international venues. And, we work with clients to resolve these disputes efficiently while accounting for operational, regulatory, and reputational considerations unique to the sector. Our experience includes:
- Commercial disputes in U.S. courts and arbitration venues involving supply agreements, joint ventures, development programs, MRO arrangements, risk-sharing partnerships, distribution relationships, indemnity issues, warranty disputes, and post-transaction conflicts.
- Significant IP litigation involving core technologies, proprietary processes, software, trade secrets, and patent rights.
- Competition law issues in the transaction and litigation contexts, including involving distribution practices, aftermarket conduct, algorithmic pricing, exclusivity arrangements, competitor collaborations, pricing issues, and merger-related disputes.
- Major regulatory and enforcement investigations involving a range of issues facing aviation, aerospace and defense sector participants, such as the False Claims Act, export controls and sanctions, cybersecurity, and ESG, among others.
Groundbreaking Matters
Airline and aviation restructuring work across the capital structure
Scandinavian Airlines System (SAS)
Debtor-side Chapter 11 bankruptcy and cross-border implementation
Representation of SAS through Chapter 11 and emergence, including a transformation plan focused on deleveraging, cost reduction and fleet restructuring.
- Restructuring of more than $2 billion of debt and fleet-related actions.
- Exit financing and investment totaling $1.2 billion (new equity and secured convertible debt).
Nordic Aviation Capital (NAC)
Secured creditor group representation in aircraft lessor Chapter 11
Representation of an ad hoc group of secured creditors in connection with NAC’s pre-arranged Chapter 11 and bespoke aviation finance outcomes.
- Facility-by-facility restructuring execution across multiple aviation finance structures.
- Creditor coordination supporting consensual outcomes and implementation mechanics.
CHC Group
Debtor-side Chapter 11 recapitalization & restructuring
Representation of a global helicopter service provider with 220 aircraft operating across six continents in Chapter 11.
- Accessed Chapter 11 despite limited U.S. operations, leveraging jurisdiction to run an uncontested, centralized process and drive a global reorganization.
- Eliminating ~$600M in debt and securing $300M in new funding via a competitive process, alongside amended credit facilities and new aircraft financing.
- Right-sizing of fleet, renegotiating or rejecting burdensome contracts, and achieving significant cost savings through global settlements with OEMs and stakeholders.
AMR Corporation / American Airlines
Debtor-side Chapter 11 reorganization; strategic transaction path to emergence
Representation in Chapter 11 culminating in a merger transaction, managing large-scale operational realities while executing a confirmable plan.
- Complex airline operational and contractual footprint managed through the restructuring process.
Advent International
Antitrust and regulatory execution in aerospace and satellite transactions
Representation in strategic aerospace and defense adjacent transactions requiring complex regulatory strategy and execution.
- ~$1.55 billion sale of Ultra Precision Control Systems (PCS) to Eaton Corporation (subject to regulatory approvals; expected first half of 2026).
- Acquisition of Maxar Technologies Inc. implying enterprise value of approximately $6.4 billion.
U.S. corporate matters in aerospace and defense
Representation in strategic aerospace and defense acquisitions and exits.
- $400 million acquisition of the aerospace and defense business of Coherent Corp.
- $800 million sale of Lanteris Space Holdings LLC (to Intuitive Machines, Inc.).
Brookfield Asset Management
Aviation and specialty finance adjacency
Representation in $1.5 billion acquisition of joint control of Castlelake, specializing in asset-based private credit including aviation and specialty finance.
Cobham Limited
Aerospace transactions
Representation in numerous transactions, including the $1.9 billion sale of CAES Systems Holdings to Honeywell International.
RF Micro Devices
Antitrust clearance for aerospace and defense adjacent RF technology
Representation in the $1.6 billion merger with TriQuint Semiconductor to form Qorvo.
- Antitrust clearance obtained without issuance of a Second Request.
Vantec World Transport
Air cargo freight forwarding investigation and class action resolution
Representation in a DOJ investigation and putative treble damages class action alleging conspiracy among air cargo freight forwarders.
- Resolved the DOJ investigation and negotiated a favorable class action settlement approved in the Eastern District of New York.
GE Engagements
X-AT litigation (wind turbine technology)
Co-lead counsel in multi-jurisdictional patent and antitrust litigation involving wind turbine technology; after favorable jury trial and other victories, matter resolved by settlement.
GE Aviation
IPR petitions in next-generation jet engine competition
Lead counsel in IPR petitions challenging a competitor jet engine patent portfolio.
- Prepared 36 IPR petitions challenging 30 patents.
- PTAB found invalid or competitor abandoned over 377 claims.
GE
ICC arbitration adverse to competition
Successful representation in ICC arbitration involving trade secrets relating to turbine engines.
Key Contacts