Delta lands $500M in financing
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No. 3 US airline gets commitment from GE Commercial Finance as it looks to avoid bankruptcy. NEW YORK  - Delta Air Lines Inc.
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Logan International Airport can bring in other carriers to fill nine of the 25 slots at Delta Air Lines Inc.'s $500 million Terminal A, under the final terms of a US Bankruptcy Court deal.
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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 plans to start on Wednesday a sweeping program to streamline its fare system, capping economy-class fares at $499 each way.
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Desperately trying to stave off bankruptcy, Delta Air Lines state that it has received $600 million in financing from American Express Travel Related Services Co.
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Delta Air Lines (nyse: DAL - news - people ) on Monday said it inked a commitment letter from General Electric&#39;s (nyse: GE - news - people ) GE Commercial Finance arm for $500 million of financing.
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Terms of the five-year deal, reached during talks in Herndon, Va., where the pilots' union is based, showed Delta had obtained its major demands.
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The Air Force signed a deal with Microsoft Corp. and Dell Inc. for software services that could be worth $500 million over six years, Microsoft officials said today.
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ATLANTA - Delta Air Lines Inc.&#39;s tentative deal with pilots for $1 billion in concessions gives the nation&#39;s third-largest carrier much-needed breathing room.
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Delta Air Lines Inc. said Friday it is extending the offer to exchange up to $680 million in three series of newly issued senior secured notes to the holders of $2.6 billion of outstanding unsecured debt securities and enhanced pass through certificates.
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Pilots at Delta Air Lines Inc. DAL.N  on Thursday ratified a concession package that will save the  carrier $1 billion a year, in a move the company hopes will buy  it time to restructure outside of bankruptcy.
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Delta Air Lines Inc. said Monday that it has achieved $50 million of an estimated $135 million in additional liquidity that the company will need to meet financing commitments in early 2006, and said it is currently pursuing other financing transactions to meet that goal.
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Delta Air Lines&#39; (DAL:NYSE - news - research) future cash needs are looking greater than previously thought. Delta said Monday it will need $135 million in liquidity in early 2006 beyond what it has already
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ATLANTA -- Delta Air Lines Inc. said yesterday it has obtained up to $600 million in financing as the struggling carrier seeks to avoid bankruptcy.
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Delta Air Lines Inc. said yesterday it has obtained up to $600 million in new financing as it seeks to avoid bankruptcy. Delta shares surged on the news, climbing 54 cents, or 16.
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Shares of Delta Air Lines Inc. DAL.N  jumped on Thursday after the company and its pilots union  reached a tentative contract that will save the cash-strapped  carrier $1 billion a year.
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Delta Air Lines Inc. DAL.N has  reached a tentative contract with its pilots that will save the  cash-strapped airline $1 billion annually, sending its shares  soaring almost 25 percent on Thursday.