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/* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:8pt; font-family:"Arial"; color:black; } ATLANTA, Jan. 3, 2013 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) will add three daily flights between Los Angeles and Seattle, beginning April 8 ...
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ATLANTA, July 30, 2007 – Delta Air Lines (NYSE: DAL) today announced it began distribution of approximately 21 million shares of Delta common stock to holders of allowed general unsecured claims against the company and certain of its subsidiaries, as outlined in the Plan of Reorganization. Delta and its subsidiaries ...
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ATLANTA, May 3, 2007 – The Opening Bell of today’s stock market signaled the addition of Delta Air Lines’ “DAL” stock ticker to the New York Stock Exchange (NYSE) as shares of the company’s new common stock began trading. CEO Jerry Grinstein signaled his confidence in the company by purchasing ...
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ATLANTA, April 30, 2007 – Delta Air Lines (NYSE: DAL.WI) today is emerging from Chapter 11 positioned to compete aggressively around the globe with a best-in-class cost structure and balance sheet, a diversified global network, a renewed focus on the customer experience, and a workforce with a substantial financial stake ...
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NEW YORK, April 25, 2007– The U.S. Bankruptcy Court for the Southern District of New York today issued a ruling confirming Delta’s Plan of Reorganization, clearing the way for the airline’s emergence from Chapter 11. Delta expects its plan to become effective on April 30, once all closing conditions of ...
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ATLANTA, April 16, 2007 – Delta Air Lines (Other OTC: DALRQ) today announced that unofficial results of the vote on the company’s Plan of Reorganization show overwhelming support of creditors for the company’s plan. More than 95 percent of ballots cast and claims value voting were in favor of the ...
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ATLANTA, March 30, 2007– Delta Air Lines today announced that 10 individuals have been selected to serve, along with Delta Chief Executive Officer Gerald Grinstein, on a newly constituted board of directors when the company emerges from Chapter 11. The chairman of the board will be Daniel A. Carp, continuing ...
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ATLANTA, March 20, 2007– Delta Air Lines today announced that it has developed a comprehensive compensation program to provide its noncontract1 employees with substantial value shortly after Delta’s planned emergence from Chapter 11 in early May. Shortly after exiting bankruptcy, Delta will distribute to its approximately 39,000 noncontract employees 3.5% ...
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ATLANTA, Feb. 7, 2007 – Delta Air Lines today announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the Disclosure Statement filed in connection with the company’s proposed Plan of Reorganization. The court also authorized Delta to begin soliciting approval from its creditors for ...
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ATLANTA, Jan. 31, 2007 – Delta Air Lines Chief Executive Officer Gerald Grinstein today issued the following statement regarding the Unsecured Creditors' Committee's support for Delta's plan of reorganization: “This is a proud day for the thousands of Delta people, customers, communities, civic leaders and others who stood up for ...
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ATLANTA, Jan. 30, 2007 – Delta Air Lines (Other OTC: DALRQ) announced today that it has obtained commitments for a $2.5 billion exit financing facility, marking a significant step forward for the company’s plan to exit bankruptcy in Spring 2007 as a strong, well-capitalized standalone carrier. The exit facility will ...
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ATLANTA, Jan. 24, 2007 – Gerald Grinstein, Chief Executive Officer of Delta Air Lines (Other OTC: DALRQ), today appeared before the U.S. Senate Committee on Commerce, Science and Transportation to provide testimony to the full committee about the state of the airline industry and the potential impact of airline mergers ...
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ATLANTA, Jan. 10, 2007 – Delta Air Lines today issued the following preliminary statement based on its initial assessment of the revised, unsolicited merger proposal from US Airways: “Delta's Board of Directors will fulfill its fiduciary duty to review the revised unsolicited merger proposal announced today by US Airways. On ...
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ATLANTA, Jan. 5, 2007 – Delta Air Lines today confirmed that the Pension Benefit Guaranty Corporation (PBGC), the federal agency charged with insuring the nation’s pension plans under ERISA, has become the trustee of the Delta Pilots Retirement Plan (Pilot Plan). In December 2006, the company announced it had reached ...
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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 ...