Summary
ATLANTA - US Airways Group Inc. dropped its $9.8 billion hostile bid for Delta Air Lines Inc. after a key group of the bankrupt carrier's creditors said Delta would be better off emerging from Chapter 11 on its own.
With the dual decisions, Atlanta-based Delta cleared a big hurdle in its effort to exit bankruptcy by the middle of this year as a stand-alone company.See the full content of this document
Extract
Us Airways Drops Bid for Delta Air Lines
But it isn't out of the woods yet. Smaller creditors could ultimately vote not to approve Delta's reorganization plan, and some have already filed objections to t...
See the full content of this document
Sponsored links
