In the news today.
Change is in the air as Delta Air Lines exits bankruptcy
The Associated Press
ATLANTADelta Air Lines has undergone a major face-lift during more than a year and a half in bankruptcy, but other changes are on the way as the nation's No. 3 carrier exits Chapter 11 today.
Among other things, Delta has set aside $10 million for a rebranding effort, its chief bankruptcy lawyer, Marshall Huebner, said in court recently. Executives have also said that after Delta exits bankruptcy, it will consider shedding Comair, a subsidiary that provides regional service.
Outgoing Chief Executive Officer Gerald Grinstein said last week that he did not expect any "immediate action" on Erlanger, Ky.-based Comair since Delta has a new board.
But Doug Abbey, a partner in the Washington, D.C.-based aviation consulting firm The Velocity Group, said he expects Delta to make a decision on Comair fairly quickly.
Delta's board will also be looking to replace Grinstein, 74, who has said he plans to step down once his successor is appointed.
Spokeswoman Betsy Talton said "additional investments in Delta's image will be unveiled" at a news conference at its Atlanta headquarters a few hours after the airline exits bankruptcy protection.