Arnold & Porter LLP assists clients in the transportation sector with a broad range of matters, including those related to bankruptcy and corporate restructuring, corporate and securities, tax, and environmental and toxic tort. We have developed a first-rate airline restructuring practice and also count among our clients key players in the rail, shipping and maritime services, cruise line, trucking, and bus line industries.
Our firm played the lead role as debtor's counsel in reorganizing US Airways (for which we received the Turnaround Management Association Large Company Transaction of the Year Award) and was counsel to the lead investor in Continental and America West's respective reorganizations. We represented Northwest Airlines in the first case ever in the US in which a Chapter 11 debtor obtained an injunction to prevent a strike after a contract rejection in bankruptcy. Our efforts were instrumental in Northwest Airlines' saving approximately US$1.4 billion annually in labor costs. The firm was also lead restructuring counsel in the US Airways II reorganization, addressing all matters in the restructuring, including the unprecedented use of a Chapter 11 reorganized debtor to issue common stock in an exchange to acquire the shares of a publicly traded company, America West Airlines.
In addition, we represent CSX, a leading railroad and transportation company, on a broad range of matters, including securities disclosures, corporate governance, corporate and real estate transactions, tax, toxic tort, environmental law, real estate, and litigation.