The Port Authority of New York and New Jersey and officials at LAX Airport, are being courted to implement a patented airport finance method that securitizes the lease payments that airlines make to the airports in order to use their terminal gates.

The patent-pending business method does not have a name and no solid plans have been laid for a deal, but an attorney who developed the method and is awaiting patent approval on it is working with a large bank to structure a deal by next year.

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