Delta says It Resolved All Objections to Disclosure Statement

By: Associated Press
By: Associated Press

ATLANTA (AP) - A Delta Air Lines lawyer said Tuesday in bankruptcy court papers that the airline has resolved all the objections to the disclosure statement to its reorganization plan.

Attorney Marshall Huebner made the comment in a brief filing ahead of tomorrow's bankruptcy court hearing on Delta's request to approve the disclosure statement. Huebner wrote that details of the objections that have been resolved will be discussed at the hearing in New York.

The disclosure statement, which details Delta's operations, must be approved for the Atlanta-based company to be able to begin soliciting votes to approve its reorganization plan, which calls for it to emerge from bankruptcy in the spring as a standalone carrier.

Last month, communities from coast to coast and the operator of a Puerto Rico airport objected to the disclosure statement

Among the objectors was the city of Los Angeles, which said that Delta's reorganization plan couldn't be approved because of undue authority it gave the company to reject certain leases.

In Tuesday's filing, Huebner wrote "The Debtors believe that they have resolved every single objection - formal or informal, filed or unfiled, represented or pro se - in connection with the disclosure statement and the approval motion."

(Copyright 2007 by The Associated Press. All Rights Reserved.)


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