US Airways (LCC) raises its bid by nearly 20 percent to $10.3 billion in an attempt to increase the pressure on Delta Air Line's (DALRQ.PK) unsecured creditors, also setting a Feb. 1 deadline f
or certain conditions to be met or its entire bid would be revoked.
The deal still awaits regulatory scrutiny, which could be the deciding factor according to this Yahoo news article, with US Airways stating there will be no regulatory hold up and Delta management arguing that overlapping routes would not receive regulatory approval.
The increased bid, an additional $1.7 billion over the original $8.6 billion bid, comes only two weeks after US Airways Group Inc. Chief Executive Doug Parker said he had no plans to increase the company's bid.
He also thinks an easy way to determine if the regulators would approve the hostile takeover was to go and ask them. 
Delta is trying to remain a standalone carrier with plans to emerge from bankruptcy by the middle of this year with a company worth from $9.4 billion to $12 billion. Delta's pilots union opposes the merger although other large creidtors are refusing to comment on their position.
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