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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.
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