KarlB737
Topic Author
Posts: 2635
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

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

Courtesy: KSTP-TV

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

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.