Delta Moves Forward with Bankruptcy Exit Plan

Delta is continuing to prepare for an April 30 emergence from Chapter 11 bankruptcy protection after it said April 16 that “unofficial results” show more than 95 percent of creditors voted in favor of the airline’s plan of reorganization.

Delta said creditors provided a similar amount of support for the plan of reorganization for Comair, Delta’s regional subsidiary.

Delta said the next milestone in its bankruptcy proceeding will be April 25, when the bankruptcy court will be asked to confirm Delta’s reorganization plan. That would clear the way for the airline to exit Chapter 11.