E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/30/2005 in the Prospect News Distressed Debt Daily.

Revenue Management buys $2.45 million in claims against UAL

By Caroline Salls

Pittsburgh, Dec. 29 - Revenue Management bought $2.45 million in claims against UAL Corp., according to Wednesday filings with the U.S. Bankruptcy Court for the Northern District of Illinois.

Revenue Management bought claims totaling $1.29 million owned by GE/CFM, GE Finance Services Inc., GE Services Distribution LLC, GE Engines Services McCallen LP, GE Aviation Services Operation PTE Ltd. and GE Aircraft Engines.

The GE claim consisted of claims of $9,915, $26,268, $52,008, $9,116 and $1.22 million.

Revenue Management also purchased a $1.16 million claim from Centerpoint Properties Trust.

UAL, the Chicago-based parent of United Airlines, filed for bankruptcy on Dec. 9, 2002. Its Chapter 11 case number is 02-48191.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.