TITLE

Bankruptcy Judge Deals United a Blow

AUTHOR(S)
Shields, Yvette
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/23/2003, Vol. 344 Issue 31662, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
An U.S. federal bankruptcy court judge on Friday dismissed United Airlines Inc.'s request to declare unenforceable provisions in its lease agreements with Chicago, Illinois, that require the airline to repay its special facilities revenue bonds as a condition of its use of O' Hare International Airport. Chicago's legal victory means that the city, which owns and operates O'Hare, preserves the ability to enforce the eviction provisions under its master lease agreement. Judge Eugene Wedoff's decision to grant Chicago's request to dismiss United Airlines' request for a declaratory judgment was based on the fact that Chicago has yet to threaten the hometown airline with eviction.
ACCESSION #
10125600

 

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