Delta Air Lines announced yesterday that it entered into a definitive agreement to sell its wholly owned Regional airline subsidiary Atlantic Southeast Airlines to SkyWest for $425 million in cash. As part of the deal, ASA will continue to operate in the Delta Connection network under a new 15-year agreement. The payout includes $350 million payable at closing representing $330 million of the purchase price and $20 million relating to certain aircraft financing deposits. An additional $125 ...

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