Airport Special Facility Bonds After the United Airlines Bankruptcy Decision

Peter Stettler, Erik P. Kimball, William W. Kannel and Eric A.S. Richards

Municipal Finance Journal, 2004, vol. 25, issue 2, 13 - 28

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.

Date: 2004
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