US Airways last week gave up on its 2½-month effort for a hostile takeover of bankrupt Delta Air Lines, whose court-appointed creditors committee decided against pursuing the merger.

For Delta, it means the airline will proceed with hearings scheduled to start Wednesday (Feb. 6) on its plans to exit Chapter 11 bankruptcy protection later this year.

For US Airways, whose takeover offer was valued as high as $10.8 million, CEO Doug Parker said the airline would go on without the merging but, within hours, there was media speculation the Tempe-based airline might look to go after Northwest Airlines, which is also in bankruptcy protection.

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