Bankruptcy benefited Delta, CEO says

12/22/2008 | Atlanta Journal-Constitution, The

In commenting on automakers' financial woes, Delta Air Lines CEO Richard Anderson said his company's dramatic turnaround would not have been possible without the help of Chapter 11 bankruptcy proceedings. "A bankruptcy court is a court of equity and it has very broad powers to assist you in terminating contracts and restructuring your costs," Anderson said during an interview on CNBC.

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Atlanta Journal-Constitution, The

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