Delta's 10Q Filing. Looks like ASA is sold

[Boeingman]

Large losses & other rather disturbing financial information......capped off by they no available lines of credit. Bankruptcy protection can't be far off.

http://www.sec.gov/Archives/edgar/data/27904/000095014405008808/g96694e10vq.htm

 

[ATR-DRIVR]

Selling us off is not going to stave off anything.

 

[Yank McCobb]

Wow. Right on top of the news, I see. This is the 4th thread going on this subject. The 2nd in the majors section.

Good work.

 

[Tomct]

Well I hate to say it, but 425 million will be like a speed bump thrown if front of a runaway freight train. I don't think that it is going to save them from the dreaded BK! Good luck to all!

 

[Boeingman]

Wow. Right on top of the news, I see. This is the 4th thread going on this subject. The 2nd in the majors section.

Good work.

How foolish of me not to check with the Flightinfo Omsbudsman of threads before I posted.

I thought that adding the actual 10Q instead of just links to articles would be valuable since few, if any do that. Perhaps I insulted your intelligence and your ability to comprehend facts and figures with the depth of information I made available?

 

[FlyBoeingJets]

What is the poop on Delta's debt related to the purchase/lease of RJ's for ASA?

Will Skywest be picking up any of the debt?

If not, the benefit of selling ASA is substantially reduced. Looks like a fire sale now anyway.