Delta gains bankruptcy financing
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Delta obtains a commitment of $2.5bn in bankruptcy exit financing from a number of major institutions.
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NEW YORK, Aug 19  - Delta Air Lines (DAL.N: Quote, Profile, Research) is taking steps toward restructuring at least some of its roughly $20 billion of total debt in a bid to avoid bankruptcy, but it will face an uphill battle, ...
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Delta Air Lines Inc. could file for Chapter 11 bankruptcy protection as early as next week, a source familiar with the matter said Friday.
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ATLANTA  - Delta Air Lines, racing to avoid bankruptcy, said Monday it had secured highly conditional, asset-backed financing of a maximum $600 million from American Express.
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Bankrupt Delta Air Lines Inc.  said on Monday its creditors agreed to allow the carrier to give retired pilots an additional $719 million in pre-petition claims to help them recoup lost pension benefits.
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Shares of Delta Air Lines Inc. DAL.N  jumped 21 percent on Tuesday, as Wall Street analysts said the  possibility of a near-term bankruptcy diminished with the  carrier securing additional financing and intensifying  concession talks with its pilots.
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Delta reached a tentative agreement with its pilots' union Wednesday night on wage and benefit cuts, averting a threatened bankruptcy filing, at least for now.
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ATLANTA - Delta Air Lines Inc. said Monday it has obtained up to $600 million in new financing as the struggling carrier seeks to avoid bankruptcy.
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Delta Air Lines could seek bankruptcy protection as soon as next week, unless it reaches a deal with its pilots' union and makes significant progress in restructuring its debt.
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Delta Air Lines Inc., the third-largest carrier in the world, said Monday that it signed a commitment letter from GE Commercial Finance to provide $500 million of financing to the beleaguered airline.
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Delta Air Lines (DAL:NYSE - news - research) wants to give bondholders more time to think about trading in some $2.6 billion of unsecured debt for $680 million worth of new secured notes.
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The battered shares of Delta Air Lines Inc. surged nearly 9 percent yesterday after its pilots agreed to salary cuts to try to help the ailing carrier avoid
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Delta Air Lines Inc., the number three US carrier, said yesterday it has agreed to give its retired pilots an extra $719 million in unsecured claims in its bankruptcy case to help them recoup losses from the termination of the pilots' pension plan.
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Delta Air Lines Inc., struggling to cut costs to avert bankruptcy, said on Thursday it was amending its offer to exchange up to &#36;680 million worth of its outstanding &#36;2.6 billion of unsecured debt, asking holders to submit tenders by Oct. 26.
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Delta Air Lines Inc. could file for Chapter 11 bankruptcy protection as soon as next week, a source familiar with the matter said yesterday.
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Atlanta-based Delta Airlines has narrowly escaped bankruptcy, reaching a tentative deal with its pilots union involving $1 billion in pay and benefits cuts.
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Delta Air Lines, fighting to avoid bankruptcy, said yesterday that it had won approval to bypass shareholders to issue up to 75 million common shares.