Etihad-linked EA Partners’ creditors said to hire Dechert ahead of debt plan:
A group of creditors to EA Partners, a special purpose vehicle linked to Etihad Airways, hired law firm Dechert LLP ahead of a possible debt restructuring, according to people familiar with the matter.
The hiring follows unsuccessful auctions of defaulted claims on two insolvent affiliates of the Abu Dhabi-based airline, Air Berlin and Alitalia, said the people, asking not to be identified because it’s private.
A spokesman for Dechert confirmed a group of investors had appointed the firm but declined to comment further. A spokesman for Etihad declined to comment on the hiring. Officials at EA Partners didn’t return calls and emails seeking comment.
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