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
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