Gerald Grinstein, CEO of Delta Air Lines, right, listens as Ed Bastian, CFO of Delta, speaks to the media after exiting bankruptcy court in New York, Wednesday, April 25, 2007.
Gerald Grinstein, CEO of Delta Air Lines, right, listens as Ed Bastian, CFO of Delta, speaks to the media after exiting bankruptcy court in New York, Wednesday, April 25, 2007.
To stay out of bankruptcy will be the trick. An important move will be to shift Delta’s huge pension liabilities onto the backs of taxpayers through the Pension Protection Act.
Delta must also stay away from the lure of cheap Airbus airplanes and learn to compete in the modern air market.
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Bankruptsy #1 BY-BY