Delta Expects To Emerge From Chapter 11 In 2007

Law360 (January 20, 2006, 12:00 AM EST) -- Setting an example for a host of U.S. airlines that have opted for bankruptcy to fend off high fuel prices and ravaging competition, Delta Air Lines Inc. said it has achieved about 70% of the financial goals in its Chapter 11 recovery plan. It expects to emerge from bankruptcy a little over a year from now.

“My aspiration would be to come out in the spring or summer of ’07,” Delta Chief Executive Gerald Grinstein told the Atlanta Journal-Constitution. He said his goal this year is...
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