Key Developments: Delta Air Lines Inc (DAL)

DAL on New York Consolidated

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5 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Delta Air Lines says Ed Bastian appointed CEO
Wednesday, 3 Feb 2016 04:35pm EST 

Delta Air Lines:Says Ed Bastian appointed CEO.Says Anderson will be elevated to executive chairman of the Delta Air Lines board of directors.Says Richard H. Anderson has chosen to retire as CEO effective may 2, 2016.Says Dan Carp will step down as non-executive chairman and remain on the board of directors of Delta.Says Gil West is promoted immediately to senior executive vice president and chief operating officer.Says board of directors also appoints Steve Sear, president international and executive vice president global sales.  Full Article

Delta Air Lines Inc declares quarterly dividend
Wednesday, 3 Feb 2016 01:33pm EST 

Delta Air Lines Inc:Board of Directors today declared a quarterly dividend of $0.135 per share.Dividend is payable to shareholders of record date as on February 17 and will be paid on March 9.  Full Article

Delta Airlines and Air France KLM announce codeshare partnership with Jet Airways
Monday, 14 Dec 2015 06:49am EST 

Air France KLM SA:Delta Air Lines and KLM announce codeshare partnership with Jet Airways via Amsterdam Airport Schiphol.Effective March 27, 2016 and subject to government approvals, Delta and KLM customers will be able to connect through Amsterdam Schiphol onto Jet Airways' new daily flights to New Delhi and Mumbai.Jet Airways will also codeshare on KLM-operated flights to 30 European destinations.  Full Article

Delta Air Lines announces intention to acquire additional shares of Grupo Aeromexico Ownership stake in Grupo Aeromexico
Wednesday, 18 Nov 2015 04:31pm EST 

Delta Air Lines Inc:Intends to acquire up to an additional 32 percent of the outstanding capital stock of Grupo Aeromexico S.A.B. de C.V. through a cash tender offer for MXP$43.59 per share.Currently, Delta owns approximately 4.1 percent of the outstanding shares of Grupo Aeromexico and holds an option to acquire an additional 8.1 percent.Following completion of the tender offer, Delta and the Delta pension trust collectively would own and/or have options to acquire up to a total of 49 percent of the outstanding shares of Grupo Aeromexico.Intends to commence the tender offer once required regulatory approvals in Mexico and the United States have been obtained.  Full Article

Delta Air Lines declares quarterly dividend
Friday, 23 Oct 2015 02:57pm EDT 

Delta Air Lines Inc:Declared a quarterly dividend of $0.135 per share.Dividend is payable to shareholders of record as of the close of business on November 6, 2015 and will be paid on November 30, 2015.  Full Article

SkyWest Inc secures agreement with Delta Air Lines for 19 E175 Aircraft deliveries to begin in August 2016
Wednesday, 21 Oct 2015 07:30am EDT 

SkyWest Inc:Secures agreement with Delta Air Lines for 19 E175 aircraft deliveries to begin in August 2016.Says the agreement is under terms and conditions similar to skywest's existing Delta agreements.Under agreement, it is anticipated that delivery of the aircraft will begin in August 2016, with all 19 aircraft being delivered by mid-2017.  Full Article

China Eastern and Delta Air Lines Inc solidify strategic partnership
Monday, 27 Jul 2015 07:30am EDT 

Delta Air Lines Inc:Says China Eastern Airlines Co signed agreement to expand partnership and better connect delta's global network with China Eastern.Says agreement will include a $450 million investment by Delta to acquire a 3.55 percent stake in China Eastern.  Full Article

Delta Air Lines declares quarterly dividend
Friday, 24 Jul 2015 03:30pm EDT 

Delta Air Lines:Declared a quarterly dividend of $0.135 per share.Dividend is payable to shareholders of record as of the close of business on August 7, 2015 and will be paid on August 28, 2015.  Full Article

Gol Linhas Aereas Inteligentes SA approves capital increase within the framework of strategic agreement with Delta Air Lines Inc
Thursday, 16 Jul 2015 07:54am EDT 

Gol Linhas Aereas Inteligentes SA:Says that its board of directors approved on July 14 to increase capital to 3.08 billion Brazilian reais from 2.62 billion reais, by 461.3 million reais.Capital increase through private issue of 64,065,611 new preferred shares.Issue price at 7.2 reais per share.Capital increase falls within the framework of a strategic agreement with company's controlling shareholder Fundo de Investimento em Participacoes Volluto and with Delta Air Lines Inc.  Full Article

Gol Linhas Aereas Inteligentes SA and Delta Air Lines Inc strengthen their strategic alliance
Monday, 13 Jul 2015 07:45am EDT 

Gol Linhas Aereas Inteligentes SA:Says that together with its controlling shareholder Fundo de Investimento em Participacoes Volluto (Volluto) and with Delta Air Lines Inc it has entered into the following strategic transactions.Equity investments by private subscription of the company's new shares resulting from a capital increase through issue of preferred shares worth up to $146 million.Equity investments in the company's new shares in the amount of up to $90 million by Volluto and of up to $56 million by Delta Air Lines.Delta Air Lines will guarantee the company a loan with third party lenders of up to $300 million, secured in favor of Delta Air Lines with common shares of Smiles SA held by the company.Existing commercial cooperation agreements between the company and Delta Air Lines will be extended and expanded.  Full Article

Delta-owned refinery challenges U.S. policy on bio-fuels program

MINNEAPOLIS/NEW YORK A refinery owned by Delta Air Lines is renewing a push to change a U.S. Environmental Protection Agency policy laid down as part of a national program that requires increased use of biofuels like ethanol.

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