Delta Air Lines ( DALRQ) has started talks with its lending group in a bid to make it cheaper to service a $1.9 billion debtor-in-possession credit line. The company, which filed for bankruptcy last September, said Tuesday it hopes to amend some of the terms of its borrowing agreement. The amendments, if they're approved by the lenders, would reduce Delta's interest rate on three term loans and enable the airline to complete amendments on other unrelated financing pacts. "We are pursuing every opportunity to reduce our costs in order to give Delta the best chance to successfully restructure,'' Edward Bastian, Delta's chief financial officer, said in a statement. "Reducing our interest expense through amending the DIP financing agreements would contribute to the $3 billion in annual cost savings and revenue enhancements in our business plan.'' GE's ( GE) commercial finance division will manage the amendment process. The U.S. Bankruptcy Court for the Southern District of New York granted final approval for the credit arrangement last October. That same month, Delta also received court approval for $300 million in additional financing provided by a unit of American Express ( AXP). Delta's announcement came the same day Bastian told an arbitration panel that the company isn't able to borrow any more money, according to an Associated Press report. Bastian was speaking before the panel because the carrier is trying to end its pilots' contract in an effort to secure more than $300 million of additional cost reductions.