Delta Air Lines, parent of refinery owner Monroe Energy, is moving forward with strategic options to sell a 49% stake in its 190,000 b/d Trainer, Pennsylvania, refinery, but will continue to operate the plant, a source familiar with refinery operations said on Friday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Rumors [Delta] is looking for a partner have been floating around for about a year,” the source said. “Delta is looking for a capital infusion to pay for refinery projects.” In a statement Wednesday, Delta CFO Paul Jacobson said that Delta and Monroe are working with investment banks Barclays and Jefferies to “explore opportunities” to form a joint venture with Trainer to “enhance the benefits” Trainer brings to Delta’s fuel operations. He said plant operations would not be affected. “Under any potential joint venture Delta expects to retain an ownership stake […]