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Delta prepares to emerge from bankruptcy

27 March 2007

Delta Air Lines Inc. expects to emerge from bankruptcy April 30 with an eye on returning to profitability, improving customer service and selling more assets to build shareholder value, the company said in documents prepared for an investor conference Tuesday.

The nation’s third largest carrier did not say in the documents what assets it plans to sell. The documents were filed with the Securities and Exchange Commission.

The filing suggested Delta slightly moved up the date of the company’s planned emergence from Chapter 11 protection. It had said in a statement March 20 it expected to emerge from bankruptcy in early May.

source: NC times

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