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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Shares of Delta Airlines are taking off in record trading on the New York Stock Exchange Thursday morning, after the company and its pilots agreed to a deal the parties hope will signal a return to better times.
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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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In what could be its final quarterly financial update before filing for Chapter 11, Delta Air Lines Inc. has reported a net loss of $646 million on $3.
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With a tentative deal to cut $1 billion in pilot costs, Delta Air Lines appears to have beaten back the threat of bankruptcy -- at least for now, analysts say.
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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 Inc., the nation's third-largest carrier, cited a 5.5 percent gain in sales as it reported Wednesday that it swung to a profit in the second quarter, which saw it emerge from bankruptcy after shaving billions of dollars in costs.
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The battered shares of Delta Air Lines Inc. surged nearly 9 percent yesterday after its pilots agreed to salary cuts to try to help the ailing carrier avoid
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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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Trump Hotels &amp; Casino Resorts Inc. (DJTC.OB: Quote, Profile, Research) has arranged $500 million in financing for when it emerges from Chapter 11 bankruptcy, the company said in a regulatory filing on Thursday.
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Pilots at Delta Air Lines Inc. 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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Pilots at Delta Air Lines overwhelmingly approved a new five-year contract with $1 billion in annual concessions sought by the airline.
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Thornburg Mortgage said it raised $500 million by selling convertible preferred stock, a move that will boost funding and allow it to resume making new loans after getting hit by a credit squeeze.
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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 Inc. said Monday it has obtained up to $600 million in new financing as the struggling carrier seeks to avoid bankruptcy.
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Business & money: Delta Two may have to raise offer to Â£7 a share.
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Shares of Delta Air Lines Inc. DAL.N  jumped 21 percent on Tuesday, as Wall Street analysts said the  possibility of a near-term bankruptcy diminished with the  carrier securing additional financing and intensifying  concession talks with its pilots.