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Northwest Sues MAC To Void A $130 Million Debt  
User currently offlineKarlB737 From United States of America, joined Mar 2004, 3094 posts, RR: 10
Posted (8 years 3 months 4 weeks 1 day 1 hour ago) and read 1959 times:

Courtesy: Minneapolis Star-Tribune

Northwest Sues MAC To Void A $130 Million Debt

http://www.startribune.com/535/story/334533.html

Courtesy: KSTP-TV

http://kstp.com/article/stories/S15138.html?cat=1

1 replies: All unread, jump to last
 
User currently offlineAirwave From United States of America, joined Mar 2006, 1117 posts, RR: 3
Reply 1, posted (8 years 3 months 4 weeks 1 day ago) and read 1868 times:

Quote:
Star Tribune:
Standard & Poor's credit analyst Kurt Forsgren wrote Feb. 27 that "current and future attempts by airlines to retroactively identify certain lease payments as 'disguised financings' as opposed to a 'true lease' could limit special facility financings of airline-related infrastructure for many years."

This is an interesting suit. But will it move through the system fast enough to be of any use to NW (should they win, that is)? Or is this more along the lines of a stall tactic; that, regardless of whether they eventually win or lose, in the meantine, NW wouldn't have to pay on it or really deal with it.

I'm not sure at all of any of the finer points of this, but I am quite curious...

Airwave  eyebrow 



When you do things right, people won't be sure you've done anything at all.
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