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US Airways not miffed at Delta snub

Dec. 20, 2006 at 12:48 PM   |   Comments

PHOENIX, Dec. 20 (UPI) -- US Airways, which made an unsolicited $8 billion takeover bid to Delta Air Lines, says it's no surprise that Delta rejected its merger offer.

US Airways Chief Executive Officer Doug Parker called it just another step in the process and he's still confident the deal will go through.

Atlanta-based Delta announced its board of directors had unanimously rejected the offer from US Airways, which is based in Phoenix.

Delta filed a reorganization plan of its own, saying it can take more steps faster in its recovery from bankruptcy as an independent.

© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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