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DELTA AIR LINES SAYS PAN AM LAWSUIT HAS NO MERIT

 DELTA AIR LINES SAYS PAN AM LAWSUIT HAS NO MERIT
 NEW YORK, Jan. 30 /PRNewswire/ -- Delta Air Lines (NYSE: DAL)


today said that the lawsuit filed by Pan Am Corporation relating to Delta's participation in Pan Am's reorganization efforts is without merit.
 Delta met or exceeded all of its obligations to Pan Am, and advanced to Pan Am on a timely basis every penny that Delta was required to provide. On Dec. 1, 1991, Pan Am's senior executives advised Delta that the business plan for reorganized Pan Am was not viable. Based on this information and a number of other uncertainties, Delta could not agree to provide Pan Am with any additional financing above and beyond the amounts called for under its agreements with Pan Am.
 A similar suit was filed previously by Pan Am's Creditors Committee. Delta intends to defend both actions vigorously and believes its position will be vindicated.
 -0- 1/30/92
 /CONTACT: Delta Air Lines public relations, 404-715-2533/
 (DAL) CO: Delta Air Lines, Inc.; Pan Am Corporation ST: Georgia IN: AIR SU:


BR-TG -- AT011 -- 5243 01/30/92 12:31 EST
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Publication:PR Newswire
Date:Jan 30, 1992
Words:185
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