ACRP 11-01/Topic 01-07 [Final]
The Impact of Airlines Bankruptcies on Airports
[ ACRP 11-01 (Legal Aspects of Airport Programs) ]
| Project Data
||Jocelyn Waite, Jocelyn Waite Associates|
||James B. McDaniel|
This report, prepared by Jocelyn K. Waite, Esq., of Reno, Nevada, examines those legal issues presented by the filing of airline bankruptcies that are relevant to airports, and explores how airport lawyers and courts have responded to those issues. This report addresses the basics of bankruptcy theory and law relevant to airport operating agreements with airlines, and identifies issues such as lease re-characterization and payment of stub period rent that particularly affect airports dealing with airlines in bankruptcy. The report also provides an overview of bankruptcy basics. The report does not address the specific details of bankruptcy procedures.