US Airways finally through in the towel Wednesday when Delta’s creditors committee would not open the books to allow the $9.8 billion takeover bid to proceed, reports the Associated Press.

"We are disappointed that the Committee, which has been chosen to act on behalf of all Delta creditors, is ignoring its fiduciary obligation to those creditors," US Airways Group Inc. Chief Doug Parker said in a statement. "Our proposal would have provided substantially more value to Delta’s unsecured creditors than the Delta stand-alone plan."

The committee will now back Delta’ s stand-alone reorganization plan, reports the news service. The committee’s statement says it looked at all the options and listened to its advisors before deciding that the US Airways deal was a bit too risky. Hmmm. For the creditors and the pilots, we sure hope they’re right.