Delta Holders Watch United Bankruptcy

Fine, Jacob
October 2004
Bond Buyer;10/27/2004, Vol. 350 Issue 31998, p1
Trade Publication
The article presents information on various developments related to Delta Air Lines Inc. As Delta struggles to avoid a possible bankruptcy filing, the carrier's municipal bondholders are closely watching United Airlines' court proceedings to determine the status of such securities. A bankruptcy filing by the Atlanta-based Delta would affect some $850 million of outstanding uninsured special facility revenue bonds sold on its behalf by municipal issuers, according to estimates by Bear, Stearns & Co.


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