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In re Delta Air Lines

In re Delta Air Lines

Ruling
Debtor's objections to claims of owner participants overruled.
Procedural posture

Debtor airline, a chapter 11 debtor, objected to claims filed by "owner participants" (OPs) that were based on tax indemnification agreements (TIAs) and claims filed by indenture trustees under stipulated loss value (SLVs) contracts relating to leases associated with structured aircraft financing agreements. At issue, inter alia, was the status of such claims under 11 U.S.C. § 502.

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Commercial opinion summary, case decided on January 16, 2008 , LexisNexis #0208-133