Delta Buys More Time In LAX Lease Feud

Law360, New York (May 3, 2006, 12:00 AM EDT) -- In the latest development in the showdown between bankrupt Delta Air Lines Inc. and the city of Los Angeles, a federal judge has granted the struggling carrier more time to decide whether to continue operating a terminal at Los Angeles International Airport amid the city’s bid to boot it from its current lease.

Delta now has until Oct. 16 to decide whether to terminate its LAX contract, as well as some 400 other leases.

The ruling comes a week after the city of Los Angeles opposed...
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