Bankrupt Delta gets financing boost
Investment banks to provide £1.27bn in funding
Delta Air Lines’
hopes of emerging from bankruptcy protection have been boosted after it received
promises of $2.5bn (£1.27bn) in financing.
At the same time, Delta is facing a $9.9bn (£5bn) takeover bid from rival US
US Airways has set a 1 February deadline for support from Delta’s main
Delta, which is based in Atlanta, has been operating under bankruptcy
protection since September 2005.
The airline, the third-largest US carrier, says it wants to emerge from
bankruptcy this spring as an independent airline.