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Court OK's Delta's Disclosure Statement

Law360 (February 7, 2007, 12:00 AM EST) -- Delta Air Lines Inc.’s disclosure statement was approved by the bankruptcy court Wednesday, a move that inches the airline ever closer to putting an end to its hard-fought Chapter 11 battle.

With Judge Adlai S. Hardin Jr.’s stamp of approval on the disclosure statement, Delta’s reorganization plan can now go to creditors for a vote.

The airline said Tuesday that it had cleared up all objections to the disclosure statement, ensuring a smooth path to approval in the U.S. Bankruptcy Court for the Southern District of...
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