Manufacturing Industry
Delta Air Lines intends to produce restructuring plan to counter takeover bid
Airline Industry Information, Nov 20, 2006
AIRLINE INDUSTRY INFORMATION-(C)1997-2006 M2 COMMUNICATIONS LTD
Ed Bastian, the chief financial officer of Delta Air Lines (Other OTC: DALRQ.PK), has said that the airline plans to draw up a restructuring plan to counter a takeover bid from US Airways.
Bastian said that the airline has no plans to seek a 'white knight' and intends to put forward a strong restructuring plan in mid-December.
The chief financial officer declined to comment on the details in an interview with the Financial Times.
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