Delta Air Lines said yesterday that more than 95% of its creditors cast ballots in favor of its Plan of Reorganization. It is eyeing emergence from bankruptcy on April 30. The results are unofficial, with the final tally to be filed later this week with a US Bankruptcy Court. DL will ask the court to confirm and approve its reorganization plan at an April 25 hearing, which is widely expected given the overwhelming support from creditors.
Subscribe to Access this Entire Article
"Delta creditors vote in favor of reorganization plan; April 30 exit expected" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.