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Sunday, November 8, 
11:28 am

Delta pilots union to oppose deal

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The head of Delta Air Line Inc.'s pilots' union responded Tuesday to Pardus Capital Management LP's push to sell the airline via a letter to the airline's pilots, calling a merger a "poisonous vision." Lee Moak, chairman of the Delta Air Lines pilots union, urged pilots to stand with the union in response to the hedge fund and other institutional investors seeking consolidation as they did when U.S. Airway Group Inc. attempted to acquire Delta last year.

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Last week, Pardus sent a letter to Atlanta-based Delta urging the company to pursue an all-stock merger with United Airlines Inc. parent UAL Corp. Pardus has stakes in both airlines, owning about 2.5% of Delta and 4.8% of UAL. — Matthew Wurtzel

See the text of the letter from the Atlanta Business Chronicle
See story from The Atlanta Journal-Constitution
See related story from TheStreet
See Nov. 16 story from TheDeal.com
See Nov. 14 story from TheDeal.com
See Dealwatch: Airlines



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