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NEW YORK (AP) - A New York bankruptcy judge approved a Delta Air Lines Inc. severance package for directors and officers that is part of a plan to save the carrier $200 million annually.
The airline, which filed for bankruptcy protection in September, had asked for court approval to provide severance for as many as 144 directors and officers.
The carrier does not expect to actually terminate 144 directors and officers, Dan Lewis, spokesman for Delta, told The Associated Press. He said the carrier likely will cut 20 percent of that 144 total, costing Delta $3 million in expenses related to severance payments.
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