Company Watch - Delta Air Lines.Dec 11, 2006 Delta To Sell 38 Boeings, Orders 10 More. Delta Air Lines said on Thursday it will sell 38 Boeing planes after delivery as part of its bankruptcy, but that it will order 10 more planes and convert an existing order of five planes to longer-range aircraft to match its restructuring plans. Dec 7, 2006 Delta Air Lines Creditors Form Separate Group. A group of nine unsecured creditors of Delta have formed an unofficial committee to represent their interests, as the bankrupt carrier faces a takeover bid Noun 1. takeover bid - an offer to buy shares in order to take over the company two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. court filings on Thursday. Dec 8, 2006 Delta Air Lines said it would provide more guidance on fleet plans in its reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. to be filed later this month. Delta said it has booked USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $400 million in fleet savings out of a projected USD$450 million. Delta agreed in December of 2005 to sell 10 Boeing planes to CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Group after delivery, due to start in 2007. Dec 7, 2006 Delta Air Lines said its new fleet plans will enable it to expand internationally and fly new routes. The transactions are subject to bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. approval. The company reiterated that it plans to emerge from bankruptcy in the first half of 2007 as an independent carrier. US Airways is trying to buy the company. Dec 7, 2006 Airlines Press Congress On Merger Bid. Chief executives of Delta Air Lines and US Airways pressed Congress on Wednesday on their opposing views on merging their companies, congressional officials said. Dec 7, 2006 Some Delta Creditors Form Separate Group. A group of nine unsecured creditors of Delta Air Lines have formed an unofficial committee to represent their interests, as the bankrupt carrier faces a takeover bid, according to court filings on Thursday. Dec 7, 2006 Delta Air Lines announced a "comprehensive settlement agreement" with the US Pension Benefit Guaranty Corp. that will "resolve all issues" related to the termination of its pilots' defined benefit pension plan. Under the terms, PBGC PBGC See: Pension Benefit Guaranty Corporation will be allowed a pre-petition unsecured claim against the airline of $2.2 billion and the debtors' reorganization plan will provide for the distribution of $225 million in senior unsecured notes to the agency. The deal is subject to both PBGC accepting its staff's recommendation that the plan meets the criteria for "distress termination" and approval by the US Bankruptcy Court. Retired DL pilots will receive $800 million in allowed claims while active pilots are covered by a defined contribution plan Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan negotiated with the Air Line Pilots Assn. Dec 5, 2006 Delta Air Lines launched daily Atlanta-Dakar-Johannesburg service yesterday. Dec 5, 2006 Delta Air Lines agrees to sell 38 737-800s to lessors on delivery, orders 10 dash 700s. Delta reached aircraft purchase and sale agreements with Boeing and two aircraft lessors yesterday as part of an effort to right-size its fleet to emerge from bankruptcy as a standalone carrier with a heavy emphasis on international services. Dec 8, 2006 Delta Air Lines has agreed to sell 15 Boeing 737-800 aircraft to Aviation Capital Group, the leasing company of Pacific LifeCorp., and 23 planes to Babcock & Brown Aviation Finance. Dec 7, 2006 Delta Air Lines said that it would order 10 Boeing 737-700 aircraft and convert five firm orders for 777-200ERs to longer-range 777-200LRs. Dec 7, 2006 US Airways emphasizes commitment to Delta merger, calls for due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. . US Airways Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Doug Parker yesterday reiterated his company's commitment to its proposed $8 billion takeover of bankrupt Delta Air Lines, calling on DL's board and creditors' committee creditors' committee A group of lenders who seek to protect their interests in connection with a borrower that experiences financial difficulties. to begin due diligence on the merger offer. Dec 7, 2006 US Carriers Pulling For US Airways. US airline industry executives are looking forward to the benefits of consolidation as US Airways attempts to take over larger, bankrupt rival Delta Air Lines. Dec 7, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Nov 13, 2006 |
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