Delta Debt Trustee calls Bondholders Meeting to Discuss Lease-Rejection Bid

Shields, Yvette
May 2006
Bond Buyer;5/19/2006, Vol. 356 Issue 32385, p6
Trade Publication
The article reports that the debt trustee of Delta Air Lines Inc. has called a bondholders meeting to discuss the modalities of the move by the airline to reject its facilities lease. The airline has asked the U.S. Bankruptcy Court for the Southern District of New York last month, to approve rejection of its facilities agreement bound to the 1992 bond sale issued through the Kenton County, Kentucky, Airport Board to fund the reconstruction of its terminal facilities. Delta has borrowed $2.78 billion by selling special facilities revenue bonds in 32 issues since 1980. The carrier has pleaded in previous filings that its special facilities leases at Los Angeles International Airport be reorganized as a financing and not as a true lease.


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