Delta rejects US Air bid
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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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Delta Air Lines Inc.  said on Thursday it listened to a presentation by US Airways Group Inc.  concerning US Airways' $8.5 billion takeover offer for Delta, but repeated earlier statements that it intends to emerge from bankruptcy as a stand-alone carrier.
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Qantas Airways, the Australian carrier, rejected an $8.6 billion takeover bid led by Macquarie Bank of Australia and the American equity firm, the Texas Pacific Group. Qantas said it had received a nonbinding proposal, but that the terms were ânot acceptable.â Qantas confirmed in November that it received a takeover proposal from Macquarie Bank and Texas Pacific.
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The airline, whose workers refused to accept $800 million in wage and benefit cuts, joins United Airlines in bankruptcy. Delta could soon follow.
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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. 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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US Airways Group  on Wednesday  said it withdrew its takeover offer for Delta Air Lines   after Delta's official creditor committee informed  US Airways that it would not support the bid.
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Pilots at US Airways Group Inc. are slated hold an emergency meeting Friday, a few days after their union leadership rejected an airline proposal for significant wage and work-rule concessions.
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Leaders of US Airways Group Inc.&#39;s (UAIR.O: Quote, Profile, Research) pilots union late Monday rejected the carrier&#39;s latest contract proposal, a setback to the No.
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US Airways Group Inc.  on Wednesday withdrew a hostile offer for bankrupt Delta Air Lines Inc.  after Delta creditors rejected the bid, taking immediate pressure off rivals to merge.
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US Airways drops its $10bn bid for rival Delta Air Lines after the latter's creditors back the firm's own recovery plan.
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Delta Air Lines Inc. DAL.N, the No.  3 U.S. carrier, on Wednesday cut its fares by up to 50 percent  for travel in the continental United States in order to compete  with low-cost rivals.
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Auckland International Airport  rejects a Canadian pension fund's offer for up to a 40% stake in the airport.
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U.S. airlines yesterday rejected a government investigator's recommendations aimed at reducing flight delays and the time passengers spend stranded on tarmacs.
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Leaders of the US Airways pilots&#39; union have rejected the carrier&#39;s latest contract proposal, hampering the airline&#39;s attempt to avoid filing bankruptcy a second time.
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United Airlines' mechanics union yesterday rejected a new cost-cutting contract and threatened to strike if a bankruptcy judge nullifies its existing agreement.
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US Airways Group Inc. UAIR.O  issued a general appeal on Tuesday to the carrier's 3,000  pilots after their union's leaders rejected proposed  concessions the company says are crucial to avert insolvency.