737 Pylt
Um....Floats anyone??
- Joined
- Jul 8, 2003
- Posts
- 3,085
Finally, some good news!
Delta Airlines cleared to exit BK
NEW YORK, April 25 (Reuters) - A U.S. bankruptcy court on Wednesday gave Delta Air Lines Inc. (DALRQ.PK: Quote, Profile , Research) the go-ahead to exit Chapter 11 on April 30, ending a year and a half in bankruptcy.
"I will sign the confirmation order," Judge Adlai Hardin said at a hearing in U.S. bankruptcy court in New York.
Delta, the No. 3 U.S. carrier, plans to issue new shares to its creditors in its emergence from bankruptcy. It plans to list those shares on the New York Stock Exchange on May 3. Old Delta shares will consequently be canceled and therefore be worthless.
Delta expects to have a market value of about $10 billion, which would make it the second-largest U.S. airline by market value after Southwest Airlines Co. (LUV.N: Quote, Profile , Research).
Delta Airlines cleared to exit BK
NEW YORK, April 25 (Reuters) - A U.S. bankruptcy court on Wednesday gave Delta Air Lines Inc. (DALRQ.PK: Quote, Profile , Research) the go-ahead to exit Chapter 11 on April 30, ending a year and a half in bankruptcy.
"I will sign the confirmation order," Judge Adlai Hardin said at a hearing in U.S. bankruptcy court in New York.
Delta, the No. 3 U.S. carrier, plans to issue new shares to its creditors in its emergence from bankruptcy. It plans to list those shares on the New York Stock Exchange on May 3. Old Delta shares will consequently be canceled and therefore be worthless.
Delta expects to have a market value of about $10 billion, which would make it the second-largest U.S. airline by market value after Southwest Airlines Co. (LUV.N: Quote, Profile , Research).
