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Delta Creditors Approve Reorg Plan  
User currently offlinePanamair From United States of America, joined Oct 2001, 4584 posts, RR: 26
Posted (6 years 1 month 1 week 1 day 9 hours ago) and read 1084 times:		 Support Airliners.net - become a First Class Member!

Well, it's almost over...unofficial tabulation of results show that around 95% of the creditors have voted in favor of DL's Reorganization Plan...next step is the April 25 BK Court hearing to officially confirm the Reorg. Plan, followed by the official exit from Ch.11 probably on April 30.

http://biz.yahoo.com/pz/070416/117435.html

[Edited 2007-04-16 19:39:41]

4 replies: All unread, jump to last
 
User currently onlineSLCUT2777 From United States of America, joined Dec 2005, 3861 posts, RR: 11
Reply 1, posted (6 years 1 month 1 week 1 day 9 hours ago) and read 1066 times:

Quoting Panamair (Thread starter):
next step is the April 25 BK Court hearing to officially confirm the Reorg. Plan, followed by the official exit from Ch.11 probably on April 30.

19.5 months in chapter 11. That is only half the time UA was under court protection (38-39 months).


DELTA Air Lines; The Only Way To Fly from Salt Lake City; Let the Western Heritage always be with Delta!
User currently offlineAlitalia744 From United States of America, joined Mar 2000, 4657 posts, RR: 45
Reply 2, posted (6 years 1 month 1 week 1 day 9 hours ago) and read 1060 times:

Beat me to it.

Nice work Delta. Here's to the 25th & more importantly the 30th and to the end of May!


Some see lines, others see between the lines.
User currently offlineGlobalATL From , joined Dec 1969, posts, RR:
Reply 3, posted (6 years 1 month 1 week 1 day 8 hours ago) and read 989 times:

Anybody got any time frame/cost comparisons floating around in their heads when it comes to DLs huge success trying to dig themselves outta BK compared to other airlines during the last couple of decades?? Just curious!

[Edited 2007-04-16 20:54:09]

User currently offlineFriendlySkies From United States of America, joined Aug 2004, 4006 posts, RR: 6
Reply 4, posted (6 years 1 month 1 week 1 day 8 hours ago) and read 929 times:

Quoting SLCUT2777 (Reply 1):
19.5 months in chapter 11. That is only half the time UA was under court protection (38-39 months).

I agree, bravo DL. However, let's not turn this into a DL vs. UA, DL didn't have nearly the labor troubles that UA did, which was a big part of the numerous setbacks.
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