Delta’s Lease at LAX Not Affected by Airport Bond
From Times Staff and Wire Reports
Delta Air Lines Inc.’s move this week to seek court approval to stop making payments on bonds issued to finance facilities at Los Angeles International Airport won’t affect lease payments or landing fees owed by the airline to Los Angeles World Airports, which operates LAX, the airport agency said.
Delta, which filed for Chapter 11 bankruptcy protection last month, wants to halt payments on $88 million in bonds issued by the Regional Airports Improvements Corp., which is independent of the airports agency.
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