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ATLANTA, Dec. 19, 2006 – Delta Air Lines (“Delta”)(Other OTC: DALRQ) today announced that its Board of Directors has unanimously concluded that the Company’s creditors, as well as its other stakeholders, are best served by moving forward with the Company’s standalone Plan of Reorganization (the “Plan”). Accordingly, the Company today ...
Dec. 19, 2006, 1:12 p.m.
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Delta today outlined key reasons why its Board of Directors rejected the unsolicited merger proposal made by US Airways on November 15, 2006 (the “US Airways proposal”) and concluded that the Company’s standalone Plan of Reorganization (the “Plan”) will provide creditors with superior value as well as a faster recovery ...
Dec. 19, 2006, 1:11 p.m.
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Delta today announced that it has reached a comprehensive settlement agreement that will resolve all issues in connection with the termination of the Delta Pilots Retirement Plan (Pilot Plan) with the Pension Benefit Guaranty Corporation (PBGC), the federal agency charged with insuring the nation’s pension plans under ERISA. Delta’s Official ...
Dec. 4, 2006, 1:13 p.m.
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ATLANTA, Nov. 30, 2006 – Delta Air Lines today issued the following statement: “Consistent with our obligation to review US Airways’ unsolicited proposal, today we, along with representatives of our Creditors’ Committee, met to listen to US Airways’ presentation concerning US Airways' proposal to merge with Delta. While we will ...
Nov. 30, 2006, 1:15 p.m.
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ATLANTA, Nov. 29, 2006 – Delta Air Lines today announced plans to recall approximately 200 additional pilots in 2007. This latest recall expands on the approximately 250 previously furloughed pilots that have been recalled since June 2005. “Delta pilots are key to our plan and the ongoing transformation of our ...
Nov. 29, 2006, 1:16 p.m.
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ATLANTA, Nov. 27, 2006 – Delta Air Lines today announced that working with DP3, Inc., the group representing a majority of Delta’s retired pilots before the bankruptcy court, it has secured the support of the Official Committee of Unsecured Creditors to allow an additional estimated $719 million in unsecured, pre-petition ...
Nov. 27, 2006, 1:17 p.m.
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Delta-Virgin Atlantic Q&A Delta-Virgin Atlantic Fact Sheet Delta-Virgin Atlantic Media Package Delta-Virgin Atlantic Webcast Delta-Virgin Atlantic Logos ATLANTA, Nov. 20, 2006 – Delta Air Lines today announced plans to recall approximately 700 additional maintenance employees beginning in mid-December. This latest recall expands on the approximately 200 previously furloughed maintenance employees ...
Nov. 20, 2006, 1:18 p.m.
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ATLANTA, Nov. 15, 2006 – Delta Air Lines’ CEO Gerald Grinstein issued the following statement today regarding U.S. Airways’ proposed merger with Delta: “We received a letter from U.S. Airways this morning and will of course review it. Delta’s plan has always been to emerge from bankruptcy in the first ...
Nov. 15, 2006, 1:19 p.m.
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ATLANTA, Sept. 8, 2006 – Delta Air Lines is recalling up to 65 pilots and approximately 200 flight attendants to support changes the company is making to build a profitable network, a key part of its Transformation Plan. “We are extremely pleased to be able to bring pilots and flight ...
Sept. 8, 2006, 1:21 p.m.
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ATLANTA, Sept. 5, 2006 – Delta Air Lines (Other OTC: DALRQ) today announced that the Judge overseeing its Chapter 11 restructuring granted its motion seeking bankruptcy court approval to terminate its pilot defined benefit pension plan. Because the Pension Benefit Guaranty Corp. (PBGC), the federal agency charged with insuring the ...
Sept. 5, 2006, 1:23 p.m.
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ATLANTA, Aug. 22, 2006 – Delta Air Lines today issued a request for proposal (RFP) for some of its regional jet service as part of its efforts to build a cost-competitive network in connection with its restructuring process. The RFP includes flying opportunities for up to 143 regional jets, which ...
Aug. 22, 2006, 1:24 p.m.
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ATLANTA, June 9, 2006 – Delta is recalling between 60 and 70 furloughed pilots this summer as the airline restructures its network to improve revenue and better meet customers’ domestic and international travel needs. “We’re pleased that Delta’s network and revenue improvement initiatives are affording us the opportunity to bring ...
June 9, 2006, 1:26 p.m.
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ATLANTA, June 7, 2006 - Delta Air Lines CEO Gerald Grinstein met with senators and representatives on Capitol Hill today to fight for pension reform legislation that would help preserve already accrued benefits for Delta’s more than 91,000 ground and flight attendant employees and retirees. He thanked key leaders in ...
June 7, 2006, 1:27 p.m.
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ATLANTA, May 31, 2006 – Delta Air Lines (Other OTC: DALRQ) today confirmed that its pilots, represented by the Air Line Pilots Association International (ALPA), ratified a new contract that the company hailed as “crucial to Delta’s successful reorganization.” With 95 percent of eligible pilots participating, 61 percent voted in ...
May 31, 2006, 1:29 p.m.
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ATLANTA, May 31, 2006 – Delta Air Lines (Other OTC: DALRQ) has reached an agreement with DP3, Inc., an organization representing retired pilots on pension issues, thereby removing one of only two objections to Bankruptcy Court approval of Letter of Agreement 51 (LOA 51), the contract that was ratified by ...
May 31, 2006, 1:28 p.m.