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Delta, US Airways Compete For Delta's Creditors
Delta Air Lines has completed its reorganization plan, filed it with the bankruptcy court that supervises its every move and lined up exit financing.
Now comes the hard part. Unlike the United and US Airways bankruptcy emergences (twice) before it, Delta is contending with an unfriendly takeover bid, from no less than US Airways (AW&ST Nov. 20, p. 32). By filing its reorganization plan Dec. 19, Delta has cued the final act, a battle for the hearts and minds of its creditors.