Delta Cleared For Chapter 11 Exit
The confirmation will clear the way for Delta’s departure from Chapter 11 on Monday, April 30. The carrier expects to close on $2.5 billion in exit financing, provided by six investment banks.
Though several airports, taxing authorities and other creditors have objected to Delta’s reorganization plan, the company said that 95% of Delta’s creditors were onboard.
Delta expects to...
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