US Lawyers DB

Lawyers for Delta Air Lines said Wednesday they have scheduled a Feb. 7 hearing in bankruptcy court to consider approval of the disclosure statement to the carrier's reorganization plan. The disclosure statement includes details on Atlanta-based Delta's operations. If the statement is approved, that means Delta can begin soliciting votes on the reorganization plan, which typically takes four to eight weeks, Delta spokesman Michael Freitag said. Delta faces a hostile $8.5 billion bid by Tempe, Ariz.-based US Airways Group. Delta's reorganization plan calls for it to emerge from Chapter 11 by the middle of next year as a stand-alone carrier. ....