Judge to Consider Whether United Airline Bonds Are Still in Default

Shields, Yvette
March 2005
Bond Buyer;3/21/2005, Vol. 351 Issue 32094, p6
Trade Publication
Reports on the plan of a federal bankruptcy court judge in Chicago, Illinois to consider whether the bonds of United Airlines Inc. remains in default. Incapacity of the airline to pay its special facilities revenue bonds at O'Hare International Airport; Plan of the city to evict the company for failing to repay its debt obligations; Eligibility of the city to enforce default provisions.


Related Articles

  • Puerto Rico PFC Downgraded to D by S&P.  // Bondbuyer.com;8/4/2015, p7 

    The article reports on the downgrade of Puerto Rico Public Finance Corporation bond series 2011A, 2011B and 2012 2A bonds from CC to D by Standard & Poor's Ratings Services on August 3, 2015. Topics discussed include payment default on the bonds as of close of business on August 3, partial...

  • Conduit Issuers Need to Guard Against Risks, CDFA Panelists Say. Saskal, Rich // Bond Buyer;5/26/2004, Vol. 348 Issue 31892, p32 

    Reports that panelists at the Council of Development Finance Agencies' annual conference in San Francisco, California, believe that conduit bond issues also have to guard against risks. Example of the United Airlines bankruptcy, which has triggered a dispute over whether a facility at San...

  • United's Legal Woes Put Investors on Accountability Alert. Piazza, Johanna // Bond Buyer;10/29/2003, Vol. 346 Issue 31750, p6 

    Reports on the legal uncertainty surrounding the revenue bonds issued for special facilities leased by United Airlines Inc. in Chicago, Illinois. Impact of the case on investors; Airports where special facilities revenue bonds have been issued for United; Control over airports' lease structures.

  • Understanding the Role of Recovery in Default Risk Models. Bakshi, Gurdip; Madan, Dilip; Zhang, Frank // Working Papers -- U.S. Federal Reserve Board's Finance & Economi;2001, p1 

    This paper examines the role of recovery in default risk models. The debt models have the capability to distinguish the influence of recovery rates and default probability, and can be used to reverse the market expectation of recovery rates in bond prices. The authors find that the recovery...

  • United's Nosedive Rattles Street. O'Leary, Christopher // Bank Loan Report;12/9/2002, Vol. 17 Issue 48, p1 

    Examines the expected impact of a possible bankruptcy filing by UAL Corp., parent company of U.S. airline United Airlines, on Wall Street lenders and debt and equity markets. Total losses by the firm; Rejection of its request for a government loan guarantee; Names of banks which issued...

  • United Tries To Stop Lease Penalties. Shields, Yvette // Bond Buyer;3/25/2003, Vol. 343 Issue 31600, p1 

    United Airlines Inc. has asked a federal bankruptcy court to issue a temporary restraining order barring Denver, San Francisco, the Port Authority of New York and New Jersey, and Los Angeles from enforcing lease provisions that permit them to evict the airline for failing to repay special...

  • Deal May Free United Funds for Debt Service. Shields, Yvette // Bond Buyer;9/2/2003, Vol. 345 Issue 31710, p1 

    Reports on the agreement reached between bankrupt United Airlines Inc. and the trustees on two of its special facilities bond issue that would release around $36 million in construction funds to cover its due debt service payments. Unsecured status of bonds; Refusal of United to negotiate the...

  • United, Airports, Bondholders Appeal Rulings in Denver Case. Shields, Yvette // Bond Buyer;4/14/2004, Vol. 348 Issue 31862, p3 

    Reports on the move of United Airlines Inc. and investors of special facilities revenue bonds to appeal the court decision on the leases at airports in the U.S. Order of the court to repay the special facilities revenue bonds as an obligation of its lease to operate in an airport; Review of the...

  • United Deal With Trustees Questioned. Shields, Yvette // Bond Buyer;10/18/2004, Vol. 350 Issue 31991, p1 

    Reports that lawyers for the city of Chicago, Illinois raised reservations over the settlement agreement of bankrupt United Airlines Inc. with trustees who represent holders of the airline's special facilities revenue bonds at O'Hare International Airport. Impact of the settlement agreement on...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics