US Airways makes $8 billion cash and stock offer for Delta

<p>US Airways Group Inc. said Wednesday it has made an $8 billion cash and stock offer for Delta Airlines Inc. in a deal that would create one of the world's largest airlines.</p><p>The offer to buy Delta once the Atlanta-based airline emerges from bankruptcy protection would give Delta's unsecured creditors $4 billion in cash and 78.5 million shares of US Airways stock.</p><p>If completed, the airline would operate under the Delta name and serve more than 350 destinations across five continents.</p>