It's Official: Delta Rejects US Airways Offer

On Tuesday, Delta Air Lines formally rejected US Airways' $8.4 billion merger offer and filed a reorganization plan centered on the carrier emerging from Chapter 11 by next spring, the AP reported. Creditors must now vote on whether or not to approve the reorganization plan and the court must further approve the plan. Delta's board unanimously rejected US Airways' takeover offer, the AP noted, with Gerald Grinstein, Delta's CEO, adding during an analyst conference call, "US Airways is the worst of all potential merger partners."

Read more on:

Suggested Articles:

Called Timeshifter, the app creates personalized plans to help travelers crossing three or more time zones. More here.

Thanksgiving travel is set to hit its highest level since 2005, according to the latest Thanksgiving travel forecast from AAA. Find out more.

The new Scandinavian Mountains Airport in Sweden is very close to two ski resorts, one each in Sweden and Norway. Learn more here.