Delta Air Lines pilots, represented by the Air Line Pilots Assn., opted to cash in most of their $2.1 billion unsecured claim against the carrier, with members accounting for 92% of the claim voting to take 60.05 cents on the dollar rather than stock in the reorganized airline. A total of $1.16 billion will be distributed to those pilots "shortly after" DL emerges from bankruptcy this quarter, MEC Chairman Lee Moak wrote in a letter last week.
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