Delta Bankruptcy Judge OKs Debtor Financing
- Share via
A Bankruptcy Court judge approved Delta Air Lines Inc.’s request to borrow $2.05 billion to help it operate after the company’s Chapter 11 filing this week.
Judge Prudence Carter Beatty said Delta could go ahead with plans to borrow $1.7 billion from General Electric Co.’s commercial finance unit and from Morgan Stanley in what’s known as debtor-in-possession financing. Delta is also borrowing $350 million in secured financing from American Express Co.
Delta, the third-largest U.S. carrier, has said it would keep up normal flight schedules and frequent-flier programs, and it sent messages to customers saying tickets would be honored.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
