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Showing posts with label buyout. Show all posts
Showing posts with label buyout. Show all posts

Thursday, November 8, 2007

Delta considers purchase of another carrier

The president and chief financial officer of Atlanta-based Delta Air Lines says the possibility of the purchase of another carrier is a "front burner" issue for the company. Ed Bastian made the comments during an investor conference in New York Wednesday. He told the group there is value in consolidation. However, Bastian also said he understands the purchase of another airline would be a heavy financial burden and cause friction among employees. Bastian indicated the evaluation process is ongoing, but could not say how long that review could take.

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