Northwest Wins Approval For Aid Package

Law360, New York (February 7, 2007, 12:00 AM EST) -- The Metropolitan Airports Commission in Minnesota voted Wednesday to approve $240 million in financial benefits to bankrupt Northwest Airlines and about $39 million in aid to other airlines over 15 years.

MAC Chairman Jack Lanners and seven commissioners voted for the deal, which provides the savings by lowering airport charges for all carriers and giving them a share of concession revenues. Four commissioners voted against it.

MAC owns and operates the Minneapolis-St. Paul International Airport, for which Northwest provides 80% of flights.

The only changes to...
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