For the aviation sector, the first half of 2020 has sadly been defined by the many challenges brought on by the coronavirus pandemic, resulting in operational and economic disruption across the globe. Now six months in, the industry is taking stock, adapting strategies and mapping out future plans for business post COVID-19.
Aviation’s emergence from this crisis will need to involve practical measures, including insolvency proceedings, the re-negotiation of aircraft leases, corporate triage to determine what aspects of an aviation business can be saved and how investors can recover their interests to the fullest possible extent.
DFDL proudly presents the second part in our ‘Aviation in Southeast Asia – Beyond the Horizon’ series, this one focusing on Myanmar. This Q&As edition outlines Myanmar-specific aviation rules on aircraft de-registration, repossession, restructuring and insolvency options available to ailing airline businesses, rights of priority for secured and unsecured creditors and the enforceability of foreign arbitral awards in Myanmar courts.
If you missed the first (Cambodia focused) and third (Bangladesh focused) parts in this ‘Aviation in Southeast Asia – Beyond the Horizon’ series, please click here for Cambodia and here for Bangladesh.
The information provided here is for information purposes only, and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.
Partner, Deputy Managing Director and Head of Banking & Finance Practice, Myanmar
Legal Adviser, Myanmar