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IN RE UNITED AIR LINES, INC.

No. 05-1460, 05-1461, 05-1462.

447 F.3d 504 (2006)

In re: UNITED AIR LINES, INC., Debtor. United Air Lines, Inc., Appellant, v. U.S. Bank National Association, Inc., City of Los Angeles, et al., Appellees.

United States Court of Appeals, Seventh Circuit.

Decided May 4, 2006.

Attorney(s) appearing for the Case

Patrick McLaughlin (argued), Dorsey Whitney, Minneapolis MN, David A. Golin, Gesas, Pilati, Gesas & Golin, Chicago, IL, Charles P. Schulman, Sachnoff & Weaver, Chicago, IL, for Appellee.

James H.M. Sprayregen, Marc Kieselstein (argued), Kirkland & Ellis, Washington, DC, for Debtor-Appellant.

Before BAUER, EASTERBROOK, and MANION, Circuit Judges.

MANION, Circuit Judge.

To fund improvements at its facilities in the Los Angeles International Airport, United Air Lines, Inc., entered into a transaction with a bond-issuing, public entity named the Regional Airports Improvement Corporation ("RAIC"). Through this transaction, RAIC "subleases" certain airport facilities to United. After United entered bankruptcy, the true nature of the transaction was called into question. In adversary proceedings before the bankruptcy...

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