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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. 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 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 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 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 with Delta Air Lines executives and representatives of its unsecured creditors to detail its $8 billion takeover proposal. Daniel Golden, a lawyer for the committee representing the creditors in bankruptcy court, informed the Associated Press 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

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Nov 13, 2006
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Publication:Airguide Online
Date:Dec 4, 2006
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