$600 Million of $2.1B Delta Pilot's Claim Sold

[Champ42272]

I just heard from a reliable source (another pilot) that the Delta pilots have sold $600 Million of it's $2.1 Billion of its unsecured claim against the company at $.60/dollar.

Was wondering if anyone can confirm this or not. It seems as though the market for claim sales in the airline industry is heating up.

Just my opinion, I could be wrong.


Champ 42272

 

[Spooky 2]

I just heard from a reliable source (another pilot) that the Delta pilots have sold $600 Million of it's $2.1 Billion of its unsecured claim against the company at $.60/dollar.

Was wondering if anyone can confirm this or not. It seems as though the market for claim sales in the airline industry is heating up.

Just my opinion, I could be wrong.


Champ 42272

This may be a different issue but I think ALPA unloaded some debt at .68 cents on the dollar just a couple of days ago.

 

[Champ42272]

I had heard that on this message board and wanted to know if it was one in the same or a completely different sale. Hope someone can help out, thanks for the reply.

Champ 42272