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- Title
Airport Special Facility Bonds After the United Airlines Bankruptcy Decision.
- Authors
Stettler, Peter; Kimball, Erik P.; Kannel, William W.; Richards, Eric A.S.
- Abstract
The recent Bankruptcy Court decision in the United Airlines bankruptcy case regarding the treatment of certain structures under the Bankruptcy Code sent a mixed message to both bondholders and the municipal market in general. This article discusses that decision, what it may mean for holders of the bonds involved, and the potential impact that decision may have on outstanding and future special facility lease-backed bond transactions.
- Subjects
BANKRUPTCY; UNITED Airlines Inc.; BUSINESS failures; BONDS (Finance); UNITED States. Bankruptcy
- Publication
Municipal Finance Journal, 2004, Vol 25, Issue 2, p13
- ISSN
0199-6134
- Publication type
Article