On Jan.25, 2007, Delta began mailing packages to retirees and survivors that describe the amount of unsecured claims they may have through Delta’s bankruptcy process and other information relevant to such claims. The claims are part of Delta’s agreements with the pilot and ground/flight attendant retiree committees established by the Bankruptcy Court in connection with changes to Delta’s retiree health care coverage.

These packages also include information on claims agreed to as part of the settlement agreements with DP3, a retired pilots group, in connection with the termination of non-qualified pension benefits for retired pilots. Not all retirees and survivors will get the same package of information since their eligibility for claims may differ based on individual circumstances (e.g., pilot or non-pilot; eligible for health care benefit claims, nonqualified pension claims, or both).

• The package includes information about how claims have been determined. Recipients should closely read the information in the package since it contains a discussion of legal rights they may have and other important information. However, no action is required by the retirees and survivors in connection with the claims outlined in the packages.
• The claims information does not apply to active employees.
• Each retiree or survivor with a claim will have the opportunity to vote with respect to the Plan of Reorganization.
• The claims will be paid in connection with a Plan of Reorganization once a plan is approved by the Bankruptcy Court.

• Those interested in finding out more can go to www.deltadocket.com to review the applicable Term Sheets, Settlement Agreements, Delta’s Plan of Reorganization, associated disclosure statements, as well as other disclosure documents filed Dec. 19, 2006 with the Bankruptcy Court. Information relevant to retirees is also on the Retiree Connection web site at http://www.dlretiree.info/.

The non-qualified pension plans were terminated during the bankruptcy and payments from those plans stopped. The claims for the non-qualified pension benefits are part of two settlement agreements approved by the Bankruptcy Court.

In October the Bankruptcy Court approved changes to retiree healthcare benefits for Delta retired pilots and survivors as well as Delta retired ground and flight attendant employees and survivors. The changes were part of agreements between Delta and pilot and ground/flight attendant retiree committees established by the Bankruptcy Court which contemplate claims for the affected retirees and survivors.

Recipients can call Delta’s claims agent, BSI, at 866-271-8942. These agents can assist with updates to any personal data corrections in the package, for example, date of birth or employee number.

Prior to the voting period, a ballot, instructions, and other related materials will be mailed to those who can vote.

No. For nonpilots this claim is related to healthcare benefits not pension benefits. Delta will continue to pay qualified pension benefits from the Delta Retirement Plan. For pilots this claim is also related to healthcare benefits, but for some individuals may also be for nonqualifed pension benefits. If you are currently receiving a pension annuity payment, it is being paid from the Delta Pilots Retirement Plan (DPRP) which has been terminated and is now the responsibility of the Pension Benefit Guaranty Corporation (PBGC). Payments related to the DPRP will be paid by PBGC in the future and are not affected by the claim.