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Delta Airlines: Companies
built 660 days ago
A bankruptcy judge approves the $280 million-a-year concessions agreement between Delta and its pilots, hours after rank-and-file pilots agree to the deal. The agreement runs through 2009 and takes effect June 1. It replaces an interim pact agreed to in December and includes an initial 14 percent pay cut and assurances the pilots union won't fight any company effort to terminate the pilots' pension.
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During the later part of 2006 and early 2007, US Airways Group, holding company for US Airways, proposed an acquisition of Delta Air Lines. The combined entity would have been operated under the Delta name. This attempt was withdrawn after failing to gain support from Delta's major creditors and opposition by Delta management.
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Delta said Tuesday that Bastian will add the title of president. The company said nothing about Whitehurst. In a statement, Delta said Anderson "brings a unique depth of experience to the position, having served in top jobs for several major U.S. corporations."
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Bart wasn't saying a single thing about the merits of Delta as a stand-alone company vs combining with US Airways. He was making light of the fact that Mr. Miller chose to name the Delta Center after the largest importer of radioactive waste in the country.
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The city of Los Angeles says in a bankruptcy court filing that Delta Air Lines' reorganization plan cannot be approved because of undue authority it gives the company to reject some leasess. The city made the comments in an objection to the disclosure statement to Delta's reorganization plan.
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