United Airlines to Seek Court's OK On Revised Bankruptcy Settlement

Shields, Yvette
December 2004
Bond Buyer;12/20/2004, Vol. 350 Issue 32033, p1
Trade Publication
The article reports that United Airlines Inc. will ask the bankruptcy court to approve a revised settlement with at least three of the four trustees that represent investors who own the airline's $600 million of special facilities revenue bonds for projects at Chicago's O'Hare International Airport, Illinois. United attorneys announced during the airlines monthly bankruptcy court hearing in Chicago on Friday that they had retooled a prior settlement with a majority of bondholders that was rejected after several groups of investors contested the controversial and complex agreement. In another significant development, United Attorney said that because the 2000A bondholders are not included in the settlement, he plans to rule on a larger dispute that is being closely watched by airline sector market participants.


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