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UNITED AIR LINES, INC. v. REGIONAL AIRPORTS IMP.

Nos. 08-2736, 08-2751, 08-2752, 08-2824, 08-2905.

564 F.3d 873 (2009)

UNITED AIR LINES, INC., Plaintiff-Appellee, Cross-Appellant, v. REGIONAL AIRPORTS IMPROVEMENT CORPORATION and UMB Bank, N.A., Defendants-Appellants, Cross-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided May 5, 2009.

Attorney(s) appearing for the Case

Mark F. Hebbeln, Foley & Lardner, LLP, Chicago, IL, Amy D. Caton, Kramer, Jeffrey S. Trachtman (argued), Levin, Naftalis & Frankel, LLP, New York, NY, for Defendants-Appellants, Cross-Appellees.

Alexander L. Karan (argued), Kirkland & Ellis LLP, Chicago, IL, for Plaintiff-Appellee, Cross-Appellant.

David A. Golin (argued), Arnstein & Lehr LLP, Chicago, IL, for Appellant.

Harold L. Kaplan, Foley & Lardner, LLP, Chicago, IL, for Trustee.

Micah E. Marcus Kirkland & Ellis LLP, Chicago, IL, for Debtor.

Before EASTERBROOK, Chief Judge, and BAUER and MANION, Circuit Judges.

EASTERBROOK, Chief Judge.

When United Air Lines left bankruptcy, its plan of reorganization marked some issues for later resolution. One was how much United owes to lenders that put up the money for improvements at several air terminals. We concluded that the transaction supplying the funds used to improve United's space at Los Angeles International Airport should be treated as a secured loan rather than as a lease. United Air Lines, Inc. v. U.S. Bank N.A.,

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