A thrust reverser system suitable for a high-bypass turbofan engine of a type having a nacelle. The thrust reverser system includes a transcowl having a stowed, deployed and open positions. A hinge assembly translationally and rotationally couples the transcowl to a fixed structure that does not translate when the transcowl is translated in the aft direction. The hinge assembly includes a first member connected to the transcowl for translation therewith, and a fixed second member that defines a channel in which a portion of the first member is slidably received. The first and second members are configured to enable the portion of the first member to translate within the slider channel in an aft direction corresponding to a translational movement of the transcowl, and to enable the portion of the first member to rotate within the channel corresponding to a pivotal movement of the transcowl.