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Airplane landing onto runway

Airports

No two airports are the same. Their ownership varies (many are still state owned, but also increasing numbers are in private hands) and their customers vary (from flagship to low cost carriers).

The regulatory systems to which they are subject are also different and the economic downturn affects different airports differently (hubs have broadly suffered less than point-to-point airports).

This lack of uniformity in a single sector presents a number of opportunities to the market (governments designing regulatory systems as a prelude to sale, private sector vendors and potential purchasers such as airport operators and infrastructure funds).

We believe that it is critical for legal advisers to have not just detailed knowledge of how a particular airport in a particular country works, but also to maintain a global view of the airport market and have a clear understanding of the potential options (for regulators, buyers and sellers) that are available. Allen & Overy has positioned itself so that it can offer applied knowledge from its significant experience advising on matters involving airports including project financing, development and construction, mergers and acquisitions (both public and private), funding (equity and debt), litigation, competition matters and funds.

We work with every kind of market participant in the airport sector, including buyers, consortia, builders, financiers, governments and regulators on many of the largest airport transactions around the world.

Our experience is truly global. In recent years we have acted on matters involving international airports in the UK, U.S., Hong Kong, The Netherlands, Italy, Belgium, Germany, Denmark, Slovakia, Spain, Australia, India, United Arab Emirates, Greece, Columbia, Ecuador, Tunisia, Dominican Republic, Russia and Poland.

News & insights

aircraft close up

Publications: 16 MARCH 2020

Airline insolvencies in Germany: Questions and challenges for aircraft lessors

Airlines under pressure The market for airlines is under extreme competitive pressure. We have seen some recent examples of European airlines that have gone into insolvency proceedings (Air Berlin, Condor, Germania, Monarch, Small Planet, Flybe). Airlines are struggling with volatile commodity markets and political instabilities (trade wars, protectionism). In addition, the Covid-19-Crisis (‘Coronavirus’) is leading to further distress.

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Publications: 25 FEBRUARY 2020

Time limits for damages claims based on public law breaches during rail franchise procurement

This case highlights the very different, and often very strict, time limits that apply in different private law and public law claims.  Rejecting the Secretary of State’s attempt to strike out part of the claims against it, the Court of Appeal confirmed that the six-year time limit for damages claims applies to a procurement conducted outside the Public Contracts (and similar) Regulations.  However, the three- month judicial review time limit may apply to other private law claims in this context.  The decision highlights the importance of considering time limits when challenging, or defending, public body decision-making.  Where the public law act engages private law rights, damages and other remedies may still be available where the time limits for judicial review have passed – provided that judicial review is not being sought by the back door: Secretary of State for Transport v Arriva Rail East Ltd & ors [2019] EWCA Civ 2259.

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glass waste disposal

News: 25 FEBRUARY 2020

Allen & Overy assists City of Hamburg in buy-back of waste incineration plant

Allen & Overy has advised Stadtreinigung Hamburg (SRH) on the takeover of all shares in the Rugenberger Damm waste incineration plant (MVR).

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Pink and gold confetti

News: 07 JANUARY 2020

A&O rounds off 2019 with stellar performance in global M&A league tables

A&O has marked the end of Q4 2019 with a stellar performance in the M&A league tables; the result of advising on a number of complex, high-value transactions in a wide range of sectors and markets, around our global network in 2019. 

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