Fraser appointed partner at Paul Hastings

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17 February 2009

Norman Fraser is now partner at the London office of Paul, Hastings, Janofsky & Walker

Norman Fraser has been appointed partner at the London office of Paul, Hastings, Janofsky & Walker.He started his role on February 1.Fraser, who was identified as...

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Poll

Does the 'Home Country Rule' give an unfair advantage to some airlines?

Yes

71%

29%

Quote

We see it as a win-win for everyone. The creditors of Allco Finance Group get a sizeable proportion of their money back, probably more than they expected. The economic interests of the senior and other subordinated aircraft lenders are fully aligned with us especially as we are investing in junior positions and aircraft residuals. We are particularly motivated to manage the aircraft well as we will not see a return on our investment until senior and junior lenders are repaid in full. We have also said that we are prepared to pay lenders down once the deal has closed. ”

Bharat Bhise, CEO of Bravia Capital, can not understand why some Allco Aviation lenders are not supportive of HNAs bid.