Statement of the Official Committee of Unsecured Creditors of Delta Air Lines, Inc. Et Al.

    NEW YORK, Jan. 31 /PRNewswire/ -- The following is a statement of the
 Official Committee of Unsecured Creditors of Delta Air Lines, Inc. Et Al.:
     The Official Committee of Unsecured Creditors (the "Creditors'
 Committee") of Delta Air Lines, Inc. and its affiliated debtors and
 debtors-in-possession ("Delta") announced today that it has determined that
 it will support the standalone plan of reorganization as finally agreed
 upon between Delta and the Creditors' Committee that will be filed later
 this week (the "Plan"). The Creditors' Committee reached this determination
 after engaging in extensive discussions with representatives of Delta and
 US Airways over the last two months and upon consideration of the advice of
 the Creditors' Committee's legal, financial and industry advisors. In
 reaching this decision, the Creditors' Committee considered a variety of
 factors, including, but not limited to, valuation of, the timing and the
 risks associated with, and the likelihood of a successful consummation of
 the US Airways proposal and the Plan. The Creditors' Committee intends to
 work collaboratively with Delta towards confirmation and consummation of
 such Plan.
     There will be no further comment from the Creditors' Committee at this
 time.
 
 

SOURCE Official Committee of Unsecured Creditors of Delta Air Lines, Inc.

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.