USAirways’ Delta bid withdrawn
US Airways has withdrawn a $5 billion bid for Delta Air Lines after the Atlanta-based carrier won support for a plan to emerge from Chapter 11 bankruptcy protection.
Delta CEO Gerald Grinstein welcomed the unsecured creditors committee’s support for the airline’s reorganisation plan.
He said: “This is a proud day for the thousands of Delta people, customers, communities, civic leaders and others who stood up for our standalone plan and said, emphatically, ‘Keep Delta My Delta.’
“We appreciate the unsecured creditors committee’s endorsement of our plan of reorganisation and the diligent work of the committee and its advisers in evaluating that plan. Using the bankruptcy process the right way, Delta people have transformed their company’s business model.
“Our focus now is on the work still before us to emerge from Chapter 11 this spring as a strong, healthy, and vibrant global competitor.”
US Airways chairman and CEO Doug Parker, admitting “disappointment”, said: “Our proposal would have provided substantially more value to Delta’s unsecured creditors than the Delta stand-alone plan.
“We would have created a better and more financially stable airline that offered more choice to consumers and increased job security to its employees.
“Our merger would have been able to be consummated in a reasonable time-frame and we would have been able to obtain all requisite regulatory approvals.”
by Phil Davies
Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers