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 NEW YORK (AP) - Delta Air Lines Inc. asked a New York bankruptcy court judge Monday to approve its renegotiation of 88 airplane leases, a move that will save it about $200 million a year.
Delta's request, initially opposed by a committee representing unsecured creditors, will likely be approved Wednesday by Judge Adlai Hardin who is overseeing Delta's bankruptcy.
Attorneys for Delta said Monday they will return to court with a revised set of renegotiated leases on Wednesday. Some of the alterations to the leases involve changes to how Delta can terminate the leases and a reduction in monthly rents paid on Boeing 767-300 models.
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