Delta Air Lines asked the US Bankruptcy Court yesterday for a six-month extension to file its reorganization plan, according to media reports. The current deadline to file its plan exclusively is Jan. 12 and creditor acceptance is due March 13. "The debtors have made tangible progress toward their goal of developing a competitive cost structure while increasing revenues," Delta said, adding, "At this early stage there is a great deal more that needs to be done." A hearing is scheduled for ...

Subscribe to Access this Entire Article

"Delta requests six-month reorganization plan extension" 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?

Already registered? here.