United Airlines fights creditors over EETCs

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As United Airlines enters its twenty-eighth month of Chapter 11 bankruptcy protection, bondholders remain locked in a legal battle with the floundering airline over its enhanced equipment trust certificates (EETCs), debt that is collateralized with aircraft assets.

United is challenging the right of the Chapman Group of creditors, which controls 175 of United’s planes, to repossess 14 aircraft that have been used as collateral to back debt, alleging that the creditors are colludin

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