Wiskey Driver
Return of the Hub Raider
- Joined
- Aug 31, 2002
- Posts
- 1,308
737 Pylt, this is far more important news then some bogus story about computer problems. Here's to keeping Delta YOUR Delta
Wow four requests now for more time to figure out a plan. Any bets that there will be a fifth request??:laugh: All those fancy college degree's and still can't come up with a solid business plan...
Delta Air Lines given more time related to reorganization plan
(AP) - ATLANTA-A New York federal bankruptcy court judge gave Delta Air Lines Inc. more time to get creditor approval of its reorganization plan before competing plans are allowed to be filed.
Judge Adlai Hardin granted the Atlanta-based company's request to extend its so-called exclusivity period from April 16 to June 1.
The order was dated Thursday and entered Friday.
Delta has said the extension - its fourth such request - was necessary because a confirmation hearing on its reorganization plan is scheduled for April 25, after the exclusivity period was set to expire.
Delta, the third-largest U.S. carrier, wants to prevent other competing plans from being filed until after it has a chance to finish soliciting votes on its own plan, which calls for the airline to emerge from bankruptcy in the spring as a standalone carrier.
In its March 5 motion, Delta said it was not making the request as a negotiating tactic, and it insisted it is on course to emerge from bankruptcy on the schedule it set.
Delta has projected it will be worth $9.4 billion (€7.05 billion) to $12 billion (€9.01 billion) after it exits bankruptcy.
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On the Net:
Delta Air Lines Inc.: http://www.delta.com
2007-03-16T15:35:03Z

Delta Air Lines given more time related to reorganization plan
(AP) - ATLANTA-A New York federal bankruptcy court judge gave Delta Air Lines Inc. more time to get creditor approval of its reorganization plan before competing plans are allowed to be filed.
Judge Adlai Hardin granted the Atlanta-based company's request to extend its so-called exclusivity period from April 16 to June 1.
The order was dated Thursday and entered Friday.
Delta has said the extension - its fourth such request - was necessary because a confirmation hearing on its reorganization plan is scheduled for April 25, after the exclusivity period was set to expire.
Delta, the third-largest U.S. carrier, wants to prevent other competing plans from being filed until after it has a chance to finish soliciting votes on its own plan, which calls for the airline to emerge from bankruptcy in the spring as a standalone carrier.
In its March 5 motion, Delta said it was not making the request as a negotiating tactic, and it insisted it is on course to emerge from bankruptcy on the schedule it set.
Delta has projected it will be worth $9.4 billion (€7.05 billion) to $12 billion (€9.01 billion) after it exits bankruptcy.
---
On the Net:
Delta Air Lines Inc.: http://www.delta.com
2007-03-16T15:35:03Z