Creditors KO Delta's Bid to Change Debt
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Delta Air Lines Inc. DAL.N on Friday  said a group of bond holders refused to change the terms of  their securities, adding to the headwinds the airline faces as  it struggles to avoid bankruptcy.
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Delta Air Lines Inc., the nation's third-largest carrier, said Tuesday it has obtained a commitment for $2.5 billion in exit financing as part of its plan to emerge from bankruptcy
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) suffered a setback this week when a committee of creditors scotched one of the company&#39;s early debt renegotiation
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Delta Air Lines, in an effort to avoid filing for bankruptcy protection, is considering giving its pilots an equity stake in exchange for pay and benefit cuts, a Delta pilot spokeswoman said yesterday.
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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 inched closer to bankruptcy Wednesday after posting a whopping third quarter loss. For Wall Street and security analysts, the mood is to prepare for bankruptcy, but at Delta, it&#39;s a different story.
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A U.S. bankruptcy court on Wednesday  allowed Delta Air Lines Inc.  to begin seeking  creditor approval for its reorganization plan, bringing the No.  3 U.S. carrier a big step closer to exiting bankruptcy this  spring.
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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 $680 million worth of its outstanding
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US Airways Group Inc. abandoned its 2 1/2-month hostile takeover bid for Delta Air Lines Inc. , yesterday after Delta's creditors said they preferred Delta management's plan to emerge from bankruptcy reorganization this spring as an independent carrier.
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Delta Air Lines Inc. DAL.N on Friday  said it hit another bump in its effort to avoid bankruptcy as  bond holders refused to give it permission to buy back certain  debt it needs restructured, sending its shares down about 3  percent.
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Delta Air Lines Inc. hit a selfimposed deadline Tuesday for some of its debtholders to respond early to an exchange offer meant to give the carrier breathing room as it seeks to avoid bankruptcy.
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US Airways Group Inc. raised its offer for Delta Air Lines Inc. by 20 percent to $10.2 billion on Wednesday, as it seeks to put pressure on the bankrupt carrier's creditors to agree to a deal that Delta's management opposes
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Delta Air Lines Inc., the third- largest US carrier, may avert a bankruptcy filing after winning agreement on wage and benefit concessions from its pilots union as part of an effort to reduce costs after losses widened.
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Creditors put more pressure on debt-soaked borrowers.
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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.'s pilots union on  Tuesday directed its negotiators to work out an agreement to  address the early retirement of a large number of pilots, which  threatens to push the No. 3 U.S. airline into a Chapter 11  bankruptcy filing.
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Delta Air Lines makes a $646m quarterly loss, increasing pressure on the airline as it attempts to ward off insolvency.