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Delta to exit bankruptcy as US airlines sees sunnier skies

29 April 2007

Delta Airlines is set to emerge from 19 months of bankruptcy protection in another sign that one of the bleakest chapters for the US airline industry may be coming to an end.

The third-largest US carrier could exit Chapter 11 bankruptcy as early as Monday after a judge approved the final details of reorganization, leaving Delta with some 2.5 billion dollars in financing.

Delta and Northwest Airlines filed for creditor protection on the same day in September 2005, which at the time left four of the top six carriers in bankruptcy.

source: France24

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