Current Report Filing (8-k)
September 15 2017 - 4:31PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 13, 2017
DELTA AIR LINES, INC.
(Exact name
of registrant as specified in its charter)
Delaware
|
001-05424
|
58-0218548
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
P.O. Box 20706, Atlanta, Georgia 30320-6001
(Address of principal executive offices)
Registrant’s telephone number, including
area code:
(404) 715-2600
Registrant’s Web site address:
www.delta.com
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
[_]
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[_]
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[_]
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[_]
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR 240.12b-2).
[_]
Emerging growth company
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
[_]
Item 1.01 Entry into a Material Definitive Agreement
Delta Air Lines,
Inc. (“Delta”) previously announced the redevelopment of its facility at New York’s LaGuardia Airport (“LaGuardia”).
Delta is partnering with the Port Authority of New York and New Jersey (the “Port Authority”) to replace Terminals
C and D at LaGuardia with a new state-of-the-art terminal facility consisting of 37 gates across four concourses connected to a
central headhouse. The terminal will feature a new, larger Delta Sky Club, wider concourses, more gate seating, as well as 30 percent
more concessions space than the existing Terminals. The facility will also offer direct access between the parking garage and terminal
and improved roadways and drop-off/pick-up areas. The design of the new terminal will integrate sustainable technologies and improvements
in energy efficiency. Construction will be phased to limit passenger inconvenience and is expected to be completed by 2026. With
the reconstruction of Terminals C and D, Delta will continue to build on its strong commitment to the local community by hiring
local businesses and workforce. Delta is also committed to supporting New York State’s labor and contracting diversity
compliance goals, currently the highest in the nation promoting minority and women business enterprise (MWBE) opportunities.
In connection with
the redevelopment, on September 13, 2017, Delta entered into an amended and restated terminal lease with the Port Authority with
a term through 2050. Pursuant to the lease agreement, Delta will fund (through debt issuance and existing cash) and undertake the
design, management and construction of the terminal and certain off-premises supporting facilities. Delta currently expects its
costs for the project to be approximately $3.3 billion. In addition, Delta will receive a Port Authority contribution of $600 million
to facilitate construction of the terminal and other supporting infrastructure.
Delta bears
the risk of project construction, including if the project’s actual costs exceed the projected costs.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
DELTA AIR LINES, INC.
|
|
|
|
By:
/s/ Paul A. Jacobson
|
Date: September 15, 2017
|
Paul A. Jacobson,
Executive Vice President and Chief Financial Officer
|
Delta Air Lines (NYSE:DAL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Delta Air Lines (NYSE:DAL)
Historical Stock Chart
From Sep 2023 to Sep 2024