Hong Kong Airlines Restructuring: Parallel English Plan and Hong Kong Scheme

Battered by the COVID-19 pandemic and the decline in passengers travelling to Hong Kong, Hong Kong Airlines (HKA) has become the latest carrier to undergo a debt restructuring. Its restructuring plan was sanctioned by the English court on 9 December 2022 and its scheme of arrangement was sanctioned by the Hong Kong court on 14 December 2022.

In summary:

Filed under:
Hong Kong, Aviation, Insolvency & Restructuring, Litigation, Mayer Brown, Coronavirus, Aon, Companies Ordinance (2013/622) (Hong Kong)
Authors:
Hannah Davies , Alexandra Wood , John M. Marsden , Richard J. I. Stock , Jane H. S. Man
Location:
Hong Kong
Firm:
Mayer Brown