IN RE DELTA AIR LINES, INC.

No. 05 B 17923(ASH).

381 B.R. 57 (2008)

In re DELTA AIR LINES, INC., et al., Reorganized Debtors.

United States Bankruptcy Court, S.D. New York.

January 16, 2008.


Attorney(s) appearing for the Case

Debevoise & Plimpton LLP, by Michael E. Wiles, Esq., Richard F. Hahn, Esq., New York, NY, Special Aircraft Attorneys for Reorganized Debtors.

Kaye Scholer LLP, by Richard G. Smolev, Esq., Piper A. Brock, Esq., New York, NY, Attorneys for AT & T Credit Holdings, Inc.

Hunton & Williams LLP, by Peter S. Partee, Esq., Scott H. Bernstein, Esq., New York, NY, and by Benjamin C. Ackerly, Esq. (admitted pro hac vice), Jason W. Harbour, Esq. (admission pro hac vice pending), Richmond, VA, Attorneys for Bell Atlantic Tricon Leasing Corporation, NCC Golf Company, NCC Key Company, and NCC Charlie Company.

Bingham McCutehen LLP, by Mark M. Elliott, Esq., Michael J. Reilly, Esq., Joshua Dorchak, Esq., New York, NY, Attorneys for the Ad Hoc Committee of Senior Secured Holders and The Bank of New York, as Indenture Trustee.

Reed Smith LLP, by Scott M. Esterbrook, Esq., Claudia Z. Springer, Esq., Philadelphia, PA, Attorneys for PNC Leasing.

Vedder, Price, Kaufman & Kammholz, P.C., by Michael J. Edelman, Esq., Ariel Levy, Esq., New York, NY, Hughes & Luce, LLP, by David Weitman, Esq., Daniel I. Morenoff, Esq., Dallas, TX, Attorneys for Värde Investment Partners, L.P.

DLA Piper U.S. LLP, by Thomas R. Califano, Esq., Vincent J. Roldan, Esq., New York, NY, Attorneys for Essex House Condominium Corp. and Marriott International, Inc.


DECISION ON TIA/SLV SUBSTITUTE OBJECTION 3 AND OBJECTION 5 I

ADLAI S. HARDIN, JR., Bankruptcy Judge.

Before the Court are two more claims objections by reorganized debtor Delta Air Lines, Inc. ("Delta") in a series of objections to claims based on entitlements under tax indemnification agreements ("TIA") and entitlements to stipulated loss value under leases ("SLV") arising under aircraft structured financing agreements. Substitute Objection 3 and...

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