Grinstein: Delta Gets $500M In Financing As Pilots Vote On Pay ...
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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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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., the nation's third-largest carrier, said Tuesday it has obtained a commitment for $2.5 billion in exit financing as part of its plan to emerge from bankruptcy
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At least 100 Delta Air Lines Inc. pilots are expected to retire effective Wednesday, the start date for a 32.5-percent pay cut agreed upon in a $1 billion
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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
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Leaders of Delta Air Lines (DAL:NYSE - news - research) pilots union have approved a tentative package of concessions and will send it to rank-and-file members for a vote.
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CHICAGO, Aug 18  - Delta Air Lines Chief Executive Gerald Grinstein presented his long-awaited plan for the airline&#39;s future to board members on Wednesday, a strategy that could determine whether the struggling carrier ...
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Delta reached a tentative agreement with its pilots' union Wednesday night on wage and benefit cuts, averting a threatened bankruptcy filing, at least for now.
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Delta Air Lines Inc.  has reached a tentative contract with its pilots that will save the cash-strapped airline &#36;1 billion annually, sending its shares soaring almost 25 percent on Thursday.
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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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At least 100 Delta Air Lines pilots are expected to retire effective Wednesday, the start date for a 32.5 percent pay cut agreed to in a $1 billion concessions package to help save the nation's third largest air carrier from bankruptcy.
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ATLANTA -- Pilots for Delta Air Lines have begun to cast ballots on a union contract proposal that would slash their salaries by nearly a third.
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Retired pilots may fly planes for Delta Air Lines as part of an interim agreement as the pilots union seeks to head off Delta&#39;s potential bankruptcy deadline.
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ATLANTA - 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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Delta Air Lines&#39; pilots union said Wednesday night it had reached a tentative agreement on concessions that could save the struggling carrier from 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
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Delta Air Lines Inc&#39;s shares surged as much as 30 per cent yesterday amid speculation that the third-largest US airline would win $1 billion (euro780 million) in concessions from its pilots and avoid filing for bankruptcy.