WFW advises lessors on the Lion Air restructuring

Watson Farley & Williams Paris (WFW) has advised a group of lessors on the restructuring of the Indonesian airline group, Lion Air. The firm advised the lessors regarding safeguard and receivership proceedings initiated before the French courts relating to the French subsidiaries of the Indonesian airline group Lion Air. The restructuring, which involved more than 200 aircraft and 50 lessor groups, was necessary to deal with the financial impact of the COVID-19 pandemic on the airline group. The Lion Air Group engaged its lessors in bilateral discussions to restructure financing arrangements as the COVID-19 pandemic hit, leading to a steady