Delta Asks for Extension to File Plan
Thursday December 22, 2:O8 pm ET
By Harry R. Weber, AP Business Writer Delta Asks Bankruptcy Court Judge for Six-Month Extension to File Reorganization Plan
ATLANTA (AP) -- Citing in part the time it will take to further cut costs, Delta Air Lines Inc., the nation's third-largest carrier, asked a bankruptcy court judge Thursday to give the company a six-month extension to file its reorganization plan.
The Atlanta-based company, which filed for Chapter 11 in New York on Sept. 14, currently has a Jan. 12 deadline to exclusively file its reorganization plan and a March 13 deadline to seek acceptance of the plan from creditors.
In a filing with the court, Delta asked to extend the deadlines 180 days to July 11 and Sept. 9, respectively.
http://biz.yahoo.com/ap/051222/delta_bankruptcy.html?.v=4
Why don't they save a lot of the court's time and just file for a 3 year extension now rather than doing it 3 or 6 months at a time?
Thursday December 22, 2:O8 pm ET
By Harry R. Weber, AP Business Writer Delta Asks Bankruptcy Court Judge for Six-Month Extension to File Reorganization Plan
ATLANTA (AP) -- Citing in part the time it will take to further cut costs, Delta Air Lines Inc., the nation's third-largest carrier, asked a bankruptcy court judge Thursday to give the company a six-month extension to file its reorganization plan.
The Atlanta-based company, which filed for Chapter 11 in New York on Sept. 14, currently has a Jan. 12 deadline to exclusively file its reorganization plan and a March 13 deadline to seek acceptance of the plan from creditors.
In a filing with the court, Delta asked to extend the deadlines 180 days to July 11 and Sept. 9, respectively.
http://biz.yahoo.com/ap/051222/delta_bankruptcy.html?.v=4
Why don't they save a lot of the court's time and just file for a 3 year extension now rather than doing it 3 or 6 months at a time?
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