In Re: Ual Corporation, Debtors. Appeal Of: U.S. Bank National Association
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
This is a tangled appeal (one appeal, not two — No. 04-2705 is an improper cross-appeal, because it seeks no change in the judgment; it is hereby dismissed) in the United Air Lines bankruptcy.
When United declared bankruptcy on December 9, 2002, under Chapter 11 of the Bankruptcy Code (reorganization), most of the airplanes that it was operating — some 460 — were leased rather than owned. A special provision of the Bankruptcy Code, 11 U.S.C. § 1110, limits the rights of the owners of leased airplanes. The airline debtor can prevent the owners from repossessing them if…
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