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By Kent Larsen
Delta Sells SkyWest Stake
ATLANTA, GEORGIA -- Delta Air Lines announced last week that it has sold its
11 percent stake in SkyWest, the regional airline run by LDS Church member
Jerry Atkin, but added that the sale won't affect its partnership with the
regional airline. Delta sold 6.2 million shares of SkyWest for $125 million,
raising $125 million in cash. "This transaction is part of our ongoing
effort to further enhance our cash position," said Delta spokesman Tom
Donahue. Both Delta and SkyWest are in comparatively good financial
positions, compared to similar airlines. Delta already owns two regional
airlines, Atlantic Southeast Airlines and Comair, which it purchased in
recent years.
Source:
Delta Gets Rid of 11 Percent Stake in Utah Commuter Affiliate
Atlanta Journal &Constitution 13Oct01 B4
By Nancy Fonti, The Atlanta Journal and Constitution
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