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- Aug 20, 2002
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SAN FRANCISCO (MarketWatch) -- Delta Air Lines Inc.'s
Delta Air Lines, Inc official creditors' committee said late Wednesday it supported the air carrier's decision to file its proposed reorganization plan, but said the committee "will continue to consider potential alternatives in order to maximize the ultimate recoveries for the unsecured creditors in the Delta bankruptcy." In its filing yesterday, Atlanta-based Delta laid out plans to exit bankruptcy as a stand-alone company and at the same time rejected an $8.4 billion takeover bid by U.S. Airways Group. "A number of issues, including those left open in the plan of reorganization, will be the focus of continuing discussions between the committee and Delta over the coming weeks," the committee said in a statement.
Delta Air Lines, Inc official creditors' committee said late Wednesday it supported the air carrier's decision to file its proposed reorganization plan, but said the committee "will continue to consider potential alternatives in order to maximize the ultimate recoveries for the unsecured creditors in the Delta bankruptcy." In its filing yesterday, Atlanta-based Delta laid out plans to exit bankruptcy as a stand-alone company and at the same time rejected an $8.4 billion takeover bid by U.S. Airways Group. "A number of issues, including those left open in the plan of reorganization, will be the focus of continuing discussions between the committee and Delta over the coming weeks," the committee said in a statement.
