$168.6 million (so far). It would have been nice if much of that had gone to Delta’s home town firms.
Twenty-eight firms, groups and individuals filed papers in U.S. Bankruptcy Court in New York over the last two weeks seeking payment for several months of work for Delta as well as final approval for all their bills while the airline was in Chapter 11. A hearing on the requests is set for Aug. 20. Any more requests filed in the future would add to the total.….
Exceptions include a $10.5 million "restructuring fee" Delta owes financial adviser Blackstone Advisory Services LP and a $2.52 million "success fee" it owes financial adviser Babcock & Brown LP.
The largest amount of total fees and expenses billed to Delta by a single firm during the Chapter 11 case was $40.6 million by Davis Polk & Wardwell, the airline’s chief bankruptcy firm, records show.