US Airways ends hostile takeover bid for Delta
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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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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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Some bondholders of bankrupt airline  Delta Air Lines Inc.  have begun organizing an  informal group to support US Airways Group Inc.'s  $8.78  billion takeover offer, the Wall Street Journal reported on its  Web site on Wednesday.
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US Airways today won most of the emergency pay cuts it said were critical to avoid liquidation and United said it wanted to terminate its labor contracts and would seek deeper cuts from its employees.
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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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Delta Air Lines pilots approved a contract with $1 billion in annual concessions sought by the airline, which had threatened to file for bankruptcy.
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US Airways, which filed for bankruptcy protection in September, on Thursday said it reached agreements with its lenders and lessors that will let it keep flying most of its planes.
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Bankrupt US Airways Group Inc. (UAIRQ.OB: Quote, Profile, Research) reached a tentative agreement on Friday with negotiators for its pilots union on $300 million
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Delta Air Lines Inc. said on Tuesday its board rejected an $8.4 billion bid from US Airways Group Inc. and filed its own plan to emerge from bankruptcy as an independent airline.
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The leadership of the pilots&#39; union at US Airways voted late Friday night to hold last-ditch talks with the airline on its bid for wage and benefit cuts.
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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, a deal that could save it from bankruptcy.
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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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When US Airways made its unsolicited takeover bid for Delta Air Lines last month, it jolted the recovering airline industry and sparked talk about a wave of potential mergers.
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(September 11, 2004) - US Airways made a last-ditch contract offer to the union that represents its pilots Friday as the airline tries to avoid a second bankruptcy filing that may be just be days away.
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Bankrupt US Airways (UAIRQ.OQ: Quote, Profile, Research) on Tuesday reached a tentative agreement on concessions with the union representing dispatchers, the company said.
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US Airways reached a tentative agreement with the leaders of its pilots union on $300 million in annual concessions yesterday, a deal that would result in the pilots
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US Airways Group Inc. (UAIR.O: Quote, Profile, Research) and its pilots union agreed late on Friday to reopen concession talks after leaders of the labor group declined