Now that Delta Air Lines has filed for Chapter 11 bankruptcy protection, the carrier will have a legal fight on its hands from employees and retirees seeking to protect their benefits, legal experts said, which could mean additional work for some Atlanta law firms. The filing comes after repeated warnings from Delta's CEO that higher fuel costs and lower demand have crippled the airline. Northwest Airlines also joins Delta in the large fleet of U.S. airlines in bankruptcy woes.
September 15, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Now that Delta Air Lines Inc. has filed for Chapter 11 bankruptcy protection, the carrier will have a legal fight on its hands from employees and retirees seeking to protect their benefits, legal experts said.
Delta, the third-largest U.S. airline, filed late Wednesday for reorganization under Chapter 11 of the federal bankruptcy code, No. 1-05-bk-17923. (U.S. Bankruptcy Court for the Southern District of New York, filed Sept. 14, 2005).
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