Delta rejects US Airways bid
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- Delta Air Lines said its board has rejected an $8.4 billion acquisition bid from rival US Airways Group Inc., calling the bid "structurally flawed" and plagued by antitrust and labor issues.
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Delta Air Lines Inc. DAL.N on  Wednesday cut its fares by up to 50 percent for travel in the  continental United States, prompting fears of a new fare war  and sending airline shares sharply lower.
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Qantas Airways Ltd.&#39;s proposed alliance with Air New Zealand Ltd. was rejected by New Zealand&#39;s High Court, the latest blow in the carriers&#39; two-year attempt to team up to cut costs
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The turmoil in the airline industry intensified yesterday when leaders of the pilots union at US Airways rejected the company&#39;s latest plan to cut wages and benefits and a key member of
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US Airways filed for bankruptcy protection yesterday for a second time after workers refused to grant $800 million in cuts it had sought to reduce its costs to the level of low-fare airlines.
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US Airways Group Inc.  said on Thursday it made a presentation to the management of bankrupt Delta Air Lines Inc.  and its creditor committee on its $8.5 billion offer to buy Delta.
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Leaders of US Airways&#39; pilots union late Monday rejected the carrier&#39;s latest contract proposal, a blow to the airline&#39;s attempt to avoid a second bankruptcy filing.
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Cost-cutting talks between US Airways and its machinist union broke off yesterday after the airline said the union&#39;s proposed money-saving ideas were not enough to help the carrier avoid bankruptcy.
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Delta Air Lines officially rejects an $8bn (Â£4.05bn) merger with US Airways proposed last month.
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Some bondholders of Delta Air Lines Inc.  have begun organizing an informal group to support US Airways Group Inc.'s  $8.78 billion takeover offer for the bankrupt carrier, a source close to the matter said on Wednesday.
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The European Union rejected a request by the United States to eliminate public subsidies for the aerospace groups Airbus and Boeing.
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Australian airline Qantas rejects a controversial $8.6bn takeover deal led by Australian bank Macquarie.
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Shares of US Airways Group Inc. slipped as much as 23 percent in early trading on Tuesday after its pilots union rejected the company's latest contract proposal, a blow to its attempt to avoid a second trip through bankruptcy.
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Australia's Qantas Airways Ltd.  rejected a A$10.9 billion ($8.6 billion) buyout offer from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group , sending its shares down 2.7 percent.
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Delta Air Lines Inc. formally rejected a bid by smaller rival US Airways Group Inc. and filed its own long-awaited plan to emerge from bankruptcy on Tuesday, valuing the carrier at up to $12 billion.
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ALEXANDRIA, Va.  - A bankruptcy judge on Thursday  approved a bid by US Airways to throw out the contract covering  machinists if the group fails to approve a package of  concessions now up for a vote.
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Shares of US Airways Group Inc.  UAIR.O slid as much as 23 percent on Tuesday after leaders of  its pilots union rejected the company's latest contract  proposal, dealing a blow to its attempt to avoid a second trip  through bankruptcy.