Comair Sale Postponed

Sale of Delta Connection Comair will not be considered until Delta concludes its deliberations concerning a possible merger, according to the Financial Times. The spin off of the Delta Connection has been rumored since before Delta emerged from bankruptcy last year and speculation rose as it emerged it would not be long before it put the wholly owned subsidiary on the market. A Comair sale would but two large regional carriers on the market after AMR Corp announced it is spinning off American Eagle. However, late last year Delta began exploring merger possibilities saying consolidation was inevitable. Currently, it is reviewing a possible merger with United, according to the Financial Times while reports have circulated that Northwest might also be a target. The newspaper reported that Delta is also talking to JP Morgan Chase about a Comair sale.