Delta's Plan For More Time Takes Flight

Law360, New York (June 30, 2006, 12:00 AM EDT) -- A New York bankruptcy judge has given Delta Air Lines Inc. another four months to file its reorganization plan, but the nation’s third-largest air carrier says it should still be able to emerge from Chapter 11 next year.

Delta now has until Nov. 8 to exclusively file a plan and until Jan. 8, 2007 to solicit acceptances for the plan.

The company had argued that the sheer size of the bankruptcy should warrant an extension. The case, lawyers say in court documents, is the tenth-largest Chapter...
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