October 7, 2005

Northwest, Delta owe $414,700 to airport

Just as Capital City Airport prepares to lose a daily flight on Northwest Airlines and on Delta Air Lines, it\'s facing another dilemma involving the bankrupt carriers. This one will hit the airport - already operating in a budget with little wiggle room - in the wallet. Combined, Northwest and Delta owed Lansing \'s Capital City Airport an estimated $414,700 before filing for bankruptcy protection. General unsecured creditors, such as Capital City , will be among the thousands represented by nine-member creditor panels in the Northwest and Delta bankruptcy cases. \"Generally, unsecured creditors generally do not get 100 cents on the dollar,\" said Laura Bartell, a professor at Wayne State University Law School . \"They generally will get something ... 10 to 20 cents (on the dollar) maybe.\"

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