US Airways raises bid for Delta

January 10, 2007
US Airways has boosted its offer for bankrupt Delta Air Lines Inc. to $10.2 billion, after Atlanta-based Delta rejected an initial, $8 billion offer in November.

The latest offer expires Feb. 1.
US Airways CEO Doug Parker said the sweetened bid is intended to “eliminate any doubt” of a better deal for Delta’s unsecured creditors.
A merger of Delta and US Airways, headquartered Tempe, Ariz., would create the second-largest passenger carrier at Indianapolis International Airport, after Northwest Airlines.

Both Delta and US Airways contract with Indianapolis-based Republic Airways Holdings Inc. to provide connecting flights.
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