SFGate: Judge Lets Northwest Surrender More Planes

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 Does anybody know what planes this article refers to?
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This article was sent to you by someone who found it on SFGate.
The original article can be found on SFGate.com here:
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/n/a/2005/10/27/financial/=
f111451D07.DTL
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Thursday, October 27, 2005 (AP)
Judge Lets Northwest Surrender More Planes
By MADLEN READ, AP Business Writer


   (10-27) 11:14 PDT New York (AP) --

   Northwest Airlines Corp., the nation's fourth-largest airline, can aband=
on
leases on another 100 planes, a bankruptcy judge said Thursday, which
could allow the carrier to cut flights.

   So far, the judge has given Northwest the approval to reject the leases =
of
more than 200 planes, although the carrier has said it does not plan to
abandon all of them.

   The aircraft are leased to Northwest by Wells Fargo & Co., the U.S. Bank
National Association and Finova Capital Corp., among others.

   Eagan, Minn.-based Northwest filed for bankruptcy protection Sept. 14. T=
he
airline, which is expecting a pretax loss of $1.7 billion for 2005 due to
high fuel and labor costs, is wrestling with a mechanics strike. Northwest
last week resumed hiring permanent replacements for striking mechanics,
after their union refused to put the company's latest offer to a vote.

   Northwest will keep negotiating with unions between now and Nov. 16, the
date set for a hearing that will address labor issues, said Northwest
lawyer Bruce Zirinsky of law firm Cadwalader, Wickersham & Taft LLP.

   At that hearing, Northwest lawyers said they will also present their
settlement with American Express Co. Northwest had sued the credit card
company's travel services unit, which the airline claims withheld payments
worth about $63.4 million for tickets on its flights.

   On Thursday, New York bankruptcy judge Allan Gropper also approved a
motion in which Northwest will work with various airports to collect
passenger fees. -----------------------------------------------------------=
-----------
Copyright 2005 AP

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