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.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children