Right when Delta looks like they are trying to turn things around a big bully comes in and starts knocking him around. US Airways made a hostile $8 billion bid to overtake Delta even though they have dismissed the idea of a merger. Now the bond holders are pushing the idea of the take over so they can get their money killing the young investors like me that want some growth in Delta. Bonds are usually for older people and when they want their money, they want their money now. Stock holders usually don�t have much say in this kind of decision because they are in big time debt.

Even though they are re-hiring 1,000 employees in January and their stock has been climbing ever since they announced that statement, people are just being greedy and want their money now. “Some Delta Air Lines bondholders have begun organizing an informal group to support US Airways Group Inc.’s $8.78 billion takeover offer, which could help the bid overcome initial opposition from the Atlanta carrier’s management and skepticism from some of its larger creditors” says the reporter from Wall Street Journal.

Delta will be announcing their plan to try to get out of bankruptcy in mid December. I have my fingers crossed that they won’t go through with the take-over because it usually does not benefit the shareholders. Unless they give some awesome terms & conditions, I’m sticking with my position on Delta.