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Fri, Oct 21, 2005

NWA Sends Planes Back To Lease Companies

But Bankruptcy Judge Says Airline Has To Give Five Days' Notice

The New York federal judge overseeing Northwest Airlines' bankruptcy said this week the troubled carrier can indeed start returning its leased aircraft to their owners.

That means NWA can begin shedding some of its expensive planes, even as its striking mechanics vote on a contract that would end the job action now in its third month.

Northwest will have to give its aircraft leaseholders five days' notice before returning the aircraft. Leasing companies generally want at least ten days' notice before they'll accept a returned plane.

FMI: www.nwa.com

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