Judge Likely to OK Gate Takeovers at Midway

Carvlin, Elizabeth
December 2004
Bond Buyer;12/21/2004, Vol. 350 Issue 32034, p4
Trade Publication
The article reports that a U.S. Bankruptcy Court in Indianapolis, Indiana is expected to approve a plan today that would allow Southwest Airlines to take over six of AirTran Airways Inc.'s passenger gates at Midway Airport, a move that would alleviate some of Chicago's risk for outstanding airport revenue bonds following AirTran Airways Inc.'s bankruptcy. If the deal is approved by Bankruptcy Court Judge Basil Lorch and the Chicago Department of Aviation, Southwest Airlines would return to its previously dominant share of the Midway market.


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