CHICAGO – The trustee for $113 million of bonds issued for a privately owned and operated airport in Missouri’s Ozark Mountains and Branson Airport LLC is negotiating possible modifications to a forbearance agreement as the struggling airport seeks more time to bolster operations.

The negotiations are taking place amid mixed news. The airport’s prospects benefitted from the addition of Southwest Airlines which took over service provided by AirTran Airways. The airline also added daily service to three cities. But the airport faces the looming loss of federal support for its control tower due to sequestration.

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