US Airways said it was informed earlier in the day that the Official Unsecured Creditors' Committee
would not meet its demands by the airline's deadline of 1 February 2007.
Delta Air Lines' Official Creditors' Committee
declined to give a swift thumbs-up to the airline's proposed Plan of Reorganization and accompanying Disclosure Statement released Tuesday.
KGI chaired weekly meetings with the factor banks, creditors' committee
professionals and, eventually, the equity committee professionals.
today expressed its disappointment that the Official Creditors' Committee
declined to take the actions requested by US Airways in connection with its merger proposal, thereby denying creditors the option to choose whether to accept Delta's standalone reorganization plan or pursue strategic alternatives.
The Unofficial Committee of Unsecured Claimholders of Delta Air Lines has expressed disappointment over the fact that the Official Creditors' Committee
declined to take the actions requested by US Airways in connection with its merger proposal.
US Airways Chairman and CEO Doug Parker yesterday reiterated his company's commitment to its proposed $8 billion takeover of bankrupt Delta Air Lines, calling on DL's board and creditors' committee
to begin due diligence on the merger offer.
The Official Committee of Unsecured Creditors of Delta Air Lines Inc and its affiliated debtors and debtors-in-possession has confirmed that it will support the standalone plan of reorganisation as finally agreed upon between Delta and the Creditors' Committee
that will be filed later this week.
and its affiliated debtors and debtors-in-possession ("Delta") announced today that it has determined that it will support the standalone plan of reorganization as finally agreed upon between Delta and the Creditors' Committee
that will be filed later this week (the "Plan").
US Airways presented its case for a takeover of Delta Air Lines yesterday to DL management and representatives of its creditors' committee
Penn Traffic's Creditors' Committee
, as well as its senior secured bank lenders, have informed the Company that they support the postponement of the Disclosure Statement hearing and the continued pursuit of the sale-leaseback proposals.
today urged the Official Creditors' Committee
to carefully consider the meaningfully improved proposal by US Airways Group, Inc.
20 /PRNewswire/ -- The following is a statement of the Official Creditors' Committee
in the Delta Air Lines Chapter 11 cases: