Others May Try to Buy Delta

The creditors are also demanding a new board for Delta that favors consolidation as a strategic option.

If Delta combines with Northwest, it would end a veto that Northwest now holds over another airline combining with Continental Airlines, allowing United Airlines parent UAL Corp. to consider a deal with it. UAL executives are on the record favoring consolidation.

If both those deals get done, it could leave American Airlines parent AMR Corp. and US Air looking for partners as well.

Clock ticking on US Air bid for Delta

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