Delta Airlines Files Application To List New Common Stock On NYSE After It Emerges From Bankruptcy
Delta Air Lines (Other OTC: DALRQ) announced today that it has filed an application to list its new common stock on the New York Stock Exchange after the company’s emergence from bankruptcy. Subject to the approval of its listing application and the effectiveness of its Plan of Reorganization, Delta anticipates that shares of the newly issued common stock will begin trading on the NYSE in early May under the ticker symbol “DAL”.
“The planned listing of Delta’s new stock on the New York Stock Exchange is another significant milestone on our path toward emergence from bankruptcy as a strong, healthy competitor and an industry leader,” said Edward H. Bastian, Delta’s executive vice president and chief financial officer. “This action marks a return to our roots even as we look to new opportunities. By using the company’s historic ticker symbol ‘DAL’ on the exchange where Delta originally listed its stock 50 years ago, we are paying tribute to our proud history – and our tradition of outstanding service and always putting people first – as we begin a new chapter focused on positioning Delta as a global leader in a rapidly changing airline industry.”
Bastian continued, “To complement our strategy of becoming the airline of choice in New York, we can think of no better partner than the institution that epitomizes New York – the New York Stock Exchange. We are pleased to again be a part of the New York Stock Exchange as we move forward in building the new Delta.”
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