Delta Creditors Seek Details on Restructuring
From Associated Press
A committee of 34 financial institutions holding about $1.3 billion of Delta Air Lines Inc. debt said it wanted substantial information on the struggling carrier’s business plan, financial condition and restructuring plan before it would respond to the company’s proposal for more flexibility in restructuring its debt.
The committee said it believed other debt holders also would seek information before responding to Delta’s debt proposal. A Delta spokeswoman said the airline had no comment.
Delta fell 4 cents to $7.73 on the New York Stock Exchange.
