Statement from Governor Sonny Perdue on Delta Bankruptcy Filing
|Wednesday, September 14, 2005||
Contact: Office of Communications 404-651-7774
ATLANTA – Governor Sonny Perdue issued the following statement today following the announcement that Delta Airlines will file for Chapter 11 bankruptcy:
“I’m confident that Delta will remain a vital part of Georgia’s economy. Delta will emerge from this difficult period a leaner, stronger and more financially viable member of our corporate community. The state of Georgia has supported Delta in the past, and will continue to support Delta through this challenge.”
Following the 2005 legislative session, Governor Perdue signed legislation (HB 341) into law altering sales tax obligations on the purchase of jet fuel. After Delta pays $15 million in state sales taxes on jet fuel, it is exempt from paying further taxes. The Department of Audits and Accounts estimated the legislation will save Delta approximately $13 million annually.