Company Watch - Delta Air Lines.Dec 4, 2006 US makes pitch to DL, whose narrowed October loss 'reinforces confidence'. US Airways presented its case for a takeover of Delta Air Lines yesterday to DL management and representatives of its creditors' committee creditors' committee A group of lenders who seek to protect their interests in connection with a borrower that experiences financial difficulties. . Dec 1, 2006 Delta Air Lines yesterday announced yet another employee recall, this one for approximately 200 additional pilots who will rejoin the carrier next year. DL already has issued two recalls for a total of 129 pilots this year. Nov 30, 2006 Delta Air Lines said it has received permission from its unsecured creditors to allow an additional estimated $719 million in unsecured, pre-petition claims for nonqualified pension benefits for retired pilots, lifting the total of allowed claims to $800 million. "As a result of this effort, our retired pilots will recover through the claim process a significant portion of their unpaid nonqualified benefits," CFO See Chief Financial Officer. Edward Bastian said. The bankrupt carrier received permission to terminate its pilot defined benefit pension plan in September. Nov 29, 2006 Delta Air Lines' unsecured creditors are considered a key group in determining whether the US Airways 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 will be accepted, and Golden said they are open to hearing out the proposal despite DL executives' push to keep the bankrupt carrier independent. Nov 29, 2006 Delta Air Lines will revamp and double its New York-Chicago service starting Feb. 15. Flights from LaGuardia will land at Midway rather than O'Hare and will run seven-times-daily aboard Shuttle America Shuttle America is a major airline based in Indianapolis, Indiana, USA. It feeds United Airlines flights at Chicago, Denver, and Washington as United Express, and feeds Delta Air Lines flights at Atlanta and New York as Delta Connection. E-170s. JFK-ORD flights will operate five-times-daily aboard 50- or 70-seat Comair CRJs. Nov 29, 2006 US Airways management will meet this week in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of with Delta Air Lines executives and representatives of its unsecured creditors to detail its $8 billion takeover proposal. Daniel Golden Daniel Golden is an American journalist, working as Deputy Bureau Chief at the Boston bureau of the Wall Street Journal. He received the Pulitzer Prize for beat reporting in 2004 for a series of articles in the Wall Street Journal , a lawyer for the committee representing the creditors in 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. , informed the Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. yesterday that the meeting would take place but did not reveal the day. Nov 29, 2006 Delta Air Lines will launch a Boston-Chicago Midway service on Jan. 11, operating thrice-daily on weekdays and twice-daily on weekends aboard Comair 50-seat CRJs. Nov 28, 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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