Delta unsecured creditors form unofficial committee

By Jennifer Lanning Drey

Portland, Ore., Dec. 8 - A group of Delta Air Lines, Inc.'s unsecured creditors have formed an unofficial creditors' committee, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The members are: Avenue Capital Management of New York; CarVal Investors, LLC of Minnetonka, Minn.; Deutsche Bank Securities, Inc. of New York; GoldenTree Asset Management LP of New York; Lehman Brothers, Inc. of New York; Marathon Asset Management of New York; Silver Point Capital, LP of Greenwich, Conn.; Trafelet & Co. LLC of New York; and York Capital Management of New York.

The committee was formed "to advance the interests of large unsecured claims holders," according to Alan Kornberg, an attorney representing the committee.

Kornberg also said the committee may grow in size.

None of the members serve on the official committee of unsecured creditors.

Delta, an Atlanta-based airline, filed for bankruptcy on Sept. 14. Its Chapter 11 case number is 05-17923.

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