Delta, Orlando Airport Reach Agreement

Law360, New York (April 20, 2006, 12:00 AM EDT) -- Delta Airlines will retain its ability to control part of the budget for Orlando International Airport after repaying a $1.5 million in debt left over from 2005.

Delta lost its “preferred status,” which gave the carrier a vote on the airport’s board of directors, after filing for Chapter 11 bankruptcy protection last year.

Before forfeiting preferred status, Delta had a hand in approving new airport projects and was eligible to share the airport’s end-of-the-year profits.

The airline also backed out of several leases it held at...
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