UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 14, 2005
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DELTA AIR LINES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 001-05424 58-0218548
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
P.O. Box 20706, Atlanta, Georgia 30320-6001
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(Address of principal executive offices)
Registrant's telephone number, including area code: (404) 715-2600
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Registrant's Web site address: www.delta.com
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
| | Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
| | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
| | Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
| | Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.03 BANKRUPTCY OR RECEIVERSHIP
On September 14, 2005, Delta Air Lines, Inc. ("Delta") and certain of its
subsidiaries (collectively, the "Debtors") (1) filed voluntary petitions for
reorganization under Chapter 11 of the United States Bankruptcy Code (the
"Bankruptcy Code"), in the United States Bankruptcy Court for the Southern
District of New York (the "Court") (Case Nos. 05- 17923-PCB). The reorganization
cases are being jointly administered under the caption "In re Delta Air Lines,
Inc., et al., Case No. 05-17923-PCB." The Debtors will continue to operate their
business as "debtors-in possession" under the jurisdiction of the Court and in
accordance with the applicable provisions of the Bankruptcy Code and orders of
the Court.
ITEM 8.01 OTHER EVENTS.
On September 14, 2005, Delta issued a press release announcing that it and
certain of its subsidiaries filed voluntary petitions for reorganization under
Chapter 11 of the Bankruptcy Code. In this press release, Delta also announced
that it is arranging $2.05 billion in post-petition financing. This financing is
subject to court approval. A copy of the press release is attached hereto as
Exhibit 99.1
Additional information about Delta's Chapter 11 filing is available on the
Internet at delta.com/restructure. Court filings and claims information are
available at deltadocket.com. Delta expects to begin submitting monthly
operating reports to the Court in November and also plans to post these monthly
reports in the Investor Relations section of delta.com. Delta will continue to
file quarterly and annual reports with the Securities and Exchange Commission,
which will also be available in the Investor Relations section of delta.com.
On September 14, 2005, Delta's Chief Executive Officer issued a memorandum to
all Delta employees discussing Delta's voluntary petition for reorganization
under Chapter 11. A copy of the memorandum is attached hereto as Exhibit 99.2.
In addition, on September 14, 2005, Delta issued a second press release
announcing the approval of certain interim orders by the Court pending
consideration of the Debtors' "first day" motions. A copy of the press release
is attached hereto as Exhibit 99.3.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit 99.1 Press Release dated September 14, 2005 titled "Delta
Air Lines Files for Chapter 11 Reorganization to
Address Financial Challenges"
Exhibit 99.2 Memorandum dated September 14, 2005 from Gerald
Grinstein, Chief Executive Officer, to all Delta
Employees titled "Delta's Financial Reorganization
under Chapter 11"
Exhibit 99.3 Press Release dated September 14, 2005 titled
"Delta Air Lines Receives Court Approval for Interim
Orders"
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(1) The Debtors are the following entities: ASA Holdings, Inc.; Comair Holdings,
LLC; Comair, Inc.; Comair Services, Inc.; Crown Rooms, Inc.; DAL Aircraft
Trading, Inc.; DAL Global Services, LLC; DAL Moscow, Inc.; Delta AirElite
Business Jets, Inc.; Delta Air Lines, Inc.; Delta Benefits Management, Inc.;
Delta Connection Academy, Inc.; Delta Corporate Identity, Inc.; Delta Loyalty
Management Services, LLC; Delta Technology, LLC; Delta Ventures III, LLC;
Epsilon Trading, Inc.; Kappa Capital Management, Inc.; Song, LLC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DELTA AIR LINES, INC.
By: /s/ Edward H. Bastian
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Edward H. Bastian
Date: September 15, 2005 Executive Vice President
and Chief Financial Officer
EXHIBIT INDEX
Exhibit Number Description
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Exhibit 99.1 Press Release dated September 14, 2005 titled "Delta Air
Lines Files for Chapter 11 Reorganization to Address
Financial Challenges"
Exhibit 99.2 Memorandum dated September 14, 2005 from Gerald
Grinstein, Chief Executive Officer, to all Delta
Employees titled "Delta's Financial Reorganization under
Chapter 11"
Exhibit 99.3 Press Release dated September 14, 2005 titled "Delta Air
Lines Receives Court Approval for Interim Orders"