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Delta Delays Comair Sale

Posted Jan 7, 08 5:14 AM CST in Business 

(Newser) – Delta Air Lines has postponed the sale of its regional division Comair until a special committee completes its merger review. Delta recently emerged from bankruptcy and may join with one of its main rivals in 2008. The six “legacy” carriers, which existed before the 1978 deregulation of airlines, are all considering merger deals, reports the Financial Times.

Last year Delta rejected a hostile bid from US Airways, which has experienced difficulties integrating with partner America West. Like chief rival American Airlines, which is considering selling American Eagle, Delta may be able to slash costs by cutting loose its regional operator and simplifying its maintenance needs. Still, “the sale of Comair is not imminent,” said a company spokesman.
Source: Financial Times (UK)

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A Delta Air Lines jet takes off at Hartsfield Jackson Atlanta International Airport in Atlanta in this March 3, 2006. Delta has postponed selling its Comair regional service while it considers a merger...   (Associated Press)
A pilot in a Delta Airlines jet sits in the cockpit after parking at Sea-Tac International Airport in Seattle in this June 2, 2005 file photo. Delta has postponed selling its Comair regional service...   (Associated Press)
One Comair plane takes off while another Comair plane taxis to the terminal at the Greater Cincinnati/Northern Kentucky International Airport in Hebron, Ky. in this July 26, 2006 file photo. Delta has...   (Associated Press)
Delta Air Lines jet passes a line of jets waiting to take off on the tarmac at Hartsfield Jackson Atlanta International Airport in Atlanta in this Nov. 10, 2005 file photo. Delta has postponed selling...   (Associated Press)
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