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As much as the $425 million selling price of the regional carrier will infuse Delta with cash, the carrier still has nearly $20 billion dollars in outstanding debt and leasing costs to manage. Delta is expected to use some of the funds to reduce their debt and set aside the remaining monies as reserves. Delta must have a reserve in place totaling $750 million dollars as it negotiates with a credit card processor this fall to extend or renew its contract with the processor. Without the reserves and the extension, Delta would be certain to file for bankruptcy. Business - All business/finance/loan/mortgage related link can be found here Computers - All computer hardware/software/peripheral related link can be found here Internet - All webhosting/webdesign/internet marketing related link can be found here Software - All software related link can be found here Web Design - All web design/development related link can be found here Web Hosting - All web hosting related link can be found here Web Promotion - All search engine optimization/internet marketing related link can be found here Web Resources - All other web related link can be found here Recreation - All travel/hotel/cruise related link can be found here Casino - All online gambling/poker/blackjack/roulette related link can be found here Health - All online pharmacy/hospital/health related link can be found here Shopping - All online shopping/gift related link can be found here Miscellaneous - All other links can be found here
Delta AirElite, the business jet sector of the company, is the most profitable part of the company. A sale of this company would probably signal to the industry that Delta cannot recover from its current financial plight. Cash rich Gulfstream Aerospace Company or TAG Aviation may serve as viable suitors for this company. Comair, another regional carrier owned by Delta, could also be put on the auction block. Selling this regional carrier would leave Delta without a regional service provider, however. |
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