September 14, 2005 13:14 Age: 9 yrs

Professor Tung Quoted in Article on Delta's Financial Woes

By: Beverly James

Professor Frederick Tung is quoted in the September 14 edition of the Atlanta Journal-Constitution on Atlanta-based Delta Air Lines' bankruptcy protection filing this week. He believes cash will emerge as a make-it-or-break-it factor. "Every company, to some extent, runs on credit," said Tung, an expert on bankruptcy law. "Companies borrow money . . . and they also extend credit. The cash is used to fill the gaps and pay bills between the time when they have money coming in and money going out." Click here to read the entire article.

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