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The airline stated that its $2.85 billion pension shortfall (which grew from $1.2 billion in 2007) was a "liquidity risk" in its first-quarter report, and it required new financing and pension "relief" to conserve cash for 2010 operations.
The company began doing business as Delta Air Lines, carrying mail from Fort Worth to Charleston, South Carolina. [9] [10] [3] The company's name was officially changed in 1945. [11] Through the 1950s and 1960s, Delta was the first airline to fly the Douglas DC-8, Convair 880, and McDonnell Douglas DC-9 aircraft. By 1970, it had an all-jet fleet.
Since 2013, Delta has been working to reduce the age of its fleet by purchasing or leasing newly built aircraft or newer model used aircraft. Since launching the effort, Delta has preferred to purchase aircraft from Airbus, a major change for the company which had been a loyal customer of Boeing and McDonnell Douglas (which merged with Boeing in 1997).
United Airlines is the third largest airline in the world, with 92,795 employees (which includes the entire holding company United Airlines Holdings) and 948 aircraft. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930.
Eastern Air Lines and Delta Air Lines had previously occupied the hangar. Delta's lease originally was scheduled to expire in 2010, but the airline returned the lease to the City of Atlanta in 2005 as part of its bankruptcy settlement. The city collected an insurance settlement of almost $900,000 due to the cancellation. [63]
In July 2017, Air France-KLM entered into a multi-airline strategic partnership with Delta Air Lines, China Eastern Airlines and Virgin Atlantic, solidifying the existing ties between the carriers. Under the agreement Delta and China Eastern would each buy 10% of Air France-KLM, while Air France-KLM would buy 31% of Virgin Atlantic. [59]
Formerly a wholly owned subsidiary of Northwest Airlines and later Delta Air Lines, in July 2010, the company was sold to Trans States Holdings. At the time, Compass was the only remaining airline of the former Northwest Airlines Group. [7] During its 14-year history, Compass Airlines operated over 1.5 million flights.
Delta Connection is a brand name for Delta Air Lines, under which a number of individually owned regional airlines primarily operate short- and medium-haul routes. Mainline major air carriers often use regional airlines to operate services via code sharing agreements in order to increase frequencies in addition to serving routes that would not sustain larger aircraft as well as for other ...
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