Delta Creditors to Back Airline's Plan
Wednesday January 31, 11:47 am ET
By Harry R. Weber, AP Business Writer Delta Creditors to Support Airline's Stand-Alone Reorganization Plan; US Airways Withdraws Bid
ATLANTA (AP) -- Delta Air Lines Inc.'s official creditors committee said Wednesday it will support Delta's stand-alone reorganization plan, prompting US Airways to withdraw its hostile bid to buy Delta.
Delta's committee said in a statement its decision was reached after a lengthy review of both Delta's proposal and US Airways' proposal, which the committee said it rejected.
Wednesday January 31, 11:47 am ET
By Harry R. Weber, AP Business Writer Delta Creditors to Support Airline's Stand-Alone Reorganization Plan; US Airways Withdraws Bid
ATLANTA (AP) -- Delta Air Lines Inc.'s official creditors committee said Wednesday it will support Delta's stand-alone reorganization plan, prompting US Airways to withdraw its hostile bid to buy Delta.
Delta's committee said in a statement its decision was reached after a lengthy review of both Delta's proposal and US Airways' proposal, which the committee said it rejected.
