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Tuesday, August 4, 2015

ANA to get Airbus backing as creditors vote on Skymark sponsor -sources, (NYSE: DAL)

ANA Holdings Inc will get the backing of Airbus Group in a crucial vote by creditors on Wednesday to pick a sponsor for bankrupt Japanese discount carrier Skymark Airlines Inc, three sources with knowledge of the matter said. That increases the likelihood that ANA will win the sponsorship role as creditors choose between a plan led by Japan's biggest carrier and a rival proposal for Delta Air Lines to help turnaround the failed carrier.Creditors will vote in two rounds - the first where each vote is weighted to the amount each creditor is owed, while the second will give each of the 197 creditors an equal vote. A plan must gain a majority vote in both rounds for a sponsor to be approved.A decision is expected at 2.30 p.m. Tokyo time (0530 GMT). The sources declined to be identified ahead of the vote. A spokesman for Airbus declined to comment.

Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. Shares of DAL traded higher by 1.36% or $0.62/share to $46.35. In the past year, the shares have traded as low as $30.12 and as high as $51.06. On average, 11927900 shares of DAL exchange hands on a given day and today's volume is recorded at 11268314.