Alphascan From United States of America, joined Nov 2003, 937 posts, RR: 13 Posted (10 years 12 months 4 days 22 hours ago) and read 3815 times:
CHICAGO/NEW YORK, March 30 (Reuters) - The U.S. judge overseeing UAL's bankruptcy case on Tuesday upheld Denver International Airport's claims that the airline must repay as much as $261 million of municipal bond debt.
But U.S. Judge Eugene Wedoff for the Northern District of Illinois Eastern Division rejected bondholder claims made by John F. Kennedy International Airport, and California's airports in San Francisco and Los Angeles.
JFK had about $34 million of bonds outstanding that could be affected by the decision, according to Fitch Ratings Analyst Peter Stettler. San Francisco had nearly $155 million, while Los Angeles had a total of about $59 million.
Copyright 2004, Reuters News Service
You win some, you lose some.
"To he who only has a hammer in his toolbelt, every problem looks like a nail."
AAJAXFlyer From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 12 months 4 days 22 hours ago) and read 3804 times:
On the lines of cities going after United.... I know numerous airports are growing frustrated at landing fees and rent owed. Omaha for one has continually rejected United's payment proposals. They may have reached a solution in the last few weeks, but numerous airports are unhappy.