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Posted 22 Oct 2001   For week ended October 19, 2001
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Sent on Mormon-News: 18Oct01

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.


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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