Delta Air plans for stock to trade on NYSE in May

Bankrupt Delta Air Lines said on Wednesday it has filed an application to list its new common stock on the New York Stock Exchange after it leaves Chapter 11.

The No. 3 U.S. airline, which aims to exit bankruptcy on April 30, said it expects its stock to begin trading on the NYSE under the ticker symbol DAL.

Existing shares of Delta will be wiped out when the company emerges from Chapter 11. Delta has said it expects to have a market value of $10 billion.

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- Posted: 2007-03-28 10:21:01

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