United Air Lines, Inc. v. UMB Bank, N.A. (In Re UAL Corp.)

MEMORANDUM OF DECISION

EUGENE R. WEDOFF, Bankruptcy Judge.

All that remains of this adversary proceeding is to determine one aspect of the treatment of a claim of UMB Bank, N.A. (“UMB”) under the confirmed Chapter 11 plan of United Air Lines, Inc. (“United”). Although the plan specifically addresses UMB’s claim, it deferred the resolution of several disputed matters, including the valuation of a leasehold that secures the claim. As discussed below, the evidence presented at a trial of this issue establishes that the value of the leasehold is $33,455,055. Accordingly, UMB’s claim is entitled to…