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NEW YORK, Oct 6: A US bankruptcy court judge on Thursday approved a $1.9 billion package of loans for bankrupt Delta Air Lines as it seeks to reorganize under federal bankruptcy protection.
Delta attorney Marshall Huebner said positive reception for the loan among a group of lenders led by GE Capital and Morgan Stanley allowed the company to obtain an additional $200 million on top of the $1.7 billion initially sought and borrow it at a rate of 11.198 per cent.—Reuters
