Delta plans asset sales after exiting bankruptcy
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Delta Air Lines Inc. expects to emerge from bankruptcy protection April 30 with an eye on improving customer service and selling more assets to build shareholder value, it said, raising the possibility it could shed feeder carrier Comair.
Although the nation’s third-biggest airline did not say in documents prepared for an investor conference what assets it plans to sell, Chief Financial Officer Ed Bastian suggested that Delta subsidiary Comair Inc. could be a target.
Erlanger, Ky.-based Comair is a regional carrier that provides connecting service for Delta.
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