Delta creditors to back airline's plan |
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Published
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Wed, 31 Jan 2007 18:05
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ATLANTA (AFX) - Delta Air Lines Inc.'s official creditors committee said Wednesday it will support Delta's stand-alone reorganization plan, prompting US Airways to withdraw its hostile bid to buy Delta.Delta's committee said in a statement its decision was reached after a lengthy review of both Delta's proposal and US Airways' proposal, which the committee said it rejected.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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US Airways CEO willing to talk on Delta 