AIRLINE NEWS
Wednesday, April 16, 2008
Delta and Northwest agree on merger
Delta Air Lines Inc. and Northwest Airlines Corporation announced yesterday (14 April) an agreement in which the two carriers will combine in an all-stock transaction with a combined enterprise value of $17.7 billion, creating America's premier global airline.
The new airline, which will be called Delta, will provide employees with greater job security, an equity stake in the combined airline, and a more stable platform for future growth in the face of significant economic pressures from rising fuel costs and intense competition as the two carriers said.
Source: euronews.net
The new airline, which will be called Delta, will provide employees with greater job security, an equity stake in the combined airline, and a more stable platform for future growth in the face of significant economic pressures from rising fuel costs and intense competition as the two carriers said.
Source: euronews.net
Labels: Delta, merger, Northwest Airlines
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