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Delta Air Lines intends to produce restructuring plan to counter takeover bid.


Ed Bastian, the chief financial officer of Delta Air Lines (Other OTC: DALRQ.PK), has said that the airline plans to draw up a restructuring plan to counter a takeover bid from US Airways.

Bastian said that the airline has no plans to seek a 'white knight' and intends to put forward a strong restructuring plan in mid-December.

The chief financial officer declined to comment on the details in an interview with the Financial Times.

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Publication:Airline Industry Information
Date:Nov 20, 2006
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