William Fry Advises Successful Investor in CityJet Examinership

"William Fry advised the successful investor in the examinership of CityJet DAC, recently confirmed by the High Court. The contested, multi-stakeholder restructuring involved international creditors and aviation partners and highlights issues under the EU Preventive Restructuring Directive on creditor classes, valuation and the best interests of creditors test."

William Fry represented the successful investor in the examinership of CityJet DAC. The matter concerned a complex and closely contested restructuring process that was recently confirmed by the High Court. The scheme confirmation followed an examinership that engaged multiple stakeholders, including international creditors and key aviation partners, and required resolution of significant valuation disputes and creditor composition matters. The scheme confirmation judgment delivers important guidance for examinership practice following implementation of the EU Preventive Restructuring Directive, particularly in relation to creditor class composition, valuation disputes, and the application of the best interests of creditors test. William Fry represented the successful investor in the examinership of CityJet DAC with a team composed by: Fergus Doorly (Head of Restructuring), Maire O'Neill (Corporate Partner), Declan Keane (Restructuring) and Aaron Kelly (Corporate). The firm congratulates all involved in navigating a complex and challenging process to a successful outcome.

William Fry Advises Successful Investor in CityJet Examinership

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