UAL must pay bondholders
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From Times Wire Services
UAL Corp., parent company of United Airlines, must pay $27.2 million to bondholders who helped finance the renovation of its San Francisco International Airport facilities, a federal judge ruled.
United lost its attempt in a 2006 ruling in Bankruptcy Court to reduce the amount by roughly $7.5 million. U.S. District Judge John Darrah in Chicago upheld a lower court’s opinion.
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