- 11 U.S.C.
In re United Airlines
May
04
2006
Ruling
Court deemed that transaction between debtor airline and a bond issuer was a loan rather than a lease under section 365.
Procedural posture
Appellant debtor airline appealed from the District Court for the Northern District of Illinois decision, which denied the airline's attempt to have a transaction treated as a loan rather than a lease for purposes of 11 U.S.C. § 365. Appellees, a city, a bank, and others, opposed the appeal.
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