Delta Gets Letter for $500 Million Credi
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Delta Air Lines Inc., the third-largest carrier in the world, said Monday that it signed a commitment letter from GE Commercial Finance to provide $500 million of financing to the beleaguered airline.
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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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Bankrupt Delta Air Lines Inc. reached a deal with airport officials and Wall Street firms late Friday that could pave the way for other airlines -- including top US discounter Southwest Airlines Co. -- to move into Delta's $500 million terminal at Logan International Airport.
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United Airlines on Friday said it will  need about $500 million in annual cost cuts above the $655  million now in the works and also received court approval for  more time to develop a reorganization plan without interference  from creditors.
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NEW YORK, USA  - Delta Air Lines announced an aggressive restructuring plan yesterday that would cut 6,000 to 7,000 jobs and slash costs, while warning that bankruptcy remains &quot;a real possibility&quot;.
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Delta Air Lines Inc. said Friday it is extending the offer to exchange up to $680 million in three series of newly issued senior secured notes to the holders of $2.6 billion of outstanding unsecured debt securities and enhanced pass through certificates.
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The US Air Force has awarded a $500m, six-year contract to Microsoft Corp and Dell Corp, to update and consolidate 38 software licenses across multiple sites on more than 525,000 machines.
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BY THE NUMERS: Delta Air Lines Inc. reported a $651 million loss in the three months ending Sept. 30, nearly four times its loss compared to a year ago.
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Pact with union may allow the No. 3 airline to avoid a bankruptcy filing, newspaper says. NEW YORK (CNN/Money) - Delta Air Lines and its pilots union reached an agreement on concessions that could allow the
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Union officials representing 7,500 pilots at Delta Air Lines said Wednesday night they have reached a cost-cutting agreement with management, which presumably could halt, or at least
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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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A unit of American Express Co. agreed Monday to provide Delta Air Lines Inc. with up to $600 million in financing - if the cash-strapped airline persuades its
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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 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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United Airlines, in a bankruptcy court filing in advance of a status hearing Friday, has revealed it needs to cut $500 million more in costs than previously stated.
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Delta Air Lines Inc. has obtained up to $600 million in new financing and has agreed to conditions that require it to get court approval to repay the money even if it files for bankruptcy.
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Delta Air Lines pilots ratified $1 billion a year in pay cuts and other concessions that have become the linchpin of the company&#39;s efforts to keep from spiraling into bankruptcy.