Delta Air Lines sells stake in Worldspan

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I think UAL is the only US airline that still owns its own Res system.
=20
Delta Air Lines sells stake in Worldspan=20
 =09

Tuesday July 1, 9:37 AM EDT=20

CHICAGO, July 1 (Reuters) - Delta Air Lines Inc. (DAL
<http://money.excite.com/jsp/qt/full.jsp?time=3D0&symbol_search_text=3DDA=
L>
) on Tuesday said it sold its stake in travel reservations company
Worldspan for $455 million in cash, credits and debt.

Delta, the No. 3 U.S. airline, said it received $285 million in cash,
$125 million in credits for Worldspan services over nine years, and a
$45 million subordinated promissory note that matures in 2012.

AMR Corp.'s (AMR
<http://money.excite.com/jsp/qt/full.jsp?time=3D0&symbol_search_text=3DAM=
R>
) American Airlines and Northwest Airlines Corp. (NWAC
<http://money.excite.com/jsp/qt/full.jsp?time=3D0&symbol_search_text=3DNW=
AC>
) also sold their stakes in Worldspan, which was purchased by Travel
Transaction Processing Corp., an acquisition vehicle formed by Citigroup
Venture Capital Equity Partners L.P. and Teachers' Merchant Bank.=20


=A92003 Reuters Limited.=20

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