Topic Author
Posts: 2648
Joined: Sat Mar 20, 2004 9:51 pm

Northwest Sues MAC To Void A $130 Million Debt

Wed Mar 29, 2006 6:52 am

Courtesy: Minneapolis Star-Tribune

Northwest Sues MAC To Void A $130 Million Debt


Courtesy: KSTP-TV

Posts: 1105
Joined: Tue Mar 21, 2006 3:42 am

RE: Northwest Sues MAC To Void A $130 Million Debt

Wed Mar 29, 2006 8:00 am

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.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos