Log in to your IBTimes Account

close
ID
Password

Delta Air Lines Pilots OK Northwest Takeover



By Susanna Alfonso
14 May 2008 @ 10:03 pm EST

NEW YORK - Delta Air Lines said Wednesday its pilots had cleared merger plans with Northwest Airlines, removing a possible hurdle of labor disruptions and allowing the companies to create the largest US carrier.

Quotes
DAL 8.6 0.89
NWA 10.46 1.38

SYMBOL LOOKUP

Delta said the Air Line Pilots Association (ALPA) had informed it Wednesday that Delta pilots had overwhelmingly voted to approve a change in their current contract that would promote revenue synergies in the new company.

The ratification vote was more than 3-to-1 in favor, said Lee Moak, chairman of Delta's Air Line Pilots Association chapter.

"We are pleased with the Delta pilots' decision to ratify a modification to their current contract, marking an important step towards combining our two great airlines," said Delta chief executive Richard Anderson.

The merger of Delta, the nation's third-largest airline, with number-five Northwest, will create a new mammoth airline that keeps the Delta name and like its namesake, will be headquartered in Atlanta, Georgia.

This article is copyrighted by International Business Times.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
About 500 workers at three potash mines owned by fertilizer giant Potash Corp of Saskatchewan could be on strike or locked out as early as Friday because...
On most indicators the first full financial report issued since Sergei Vybornov took command of Alrosa in February 2007 indicates modest retreat, with so...
Profit at Agnico-Eagle Mines (AEM.TO) dropped by a steeper than expected 78 percent in the second quarter, the company said on Wednesday, as it also cut ...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

Latest Investing Research Reports

Find the most up to date research from leading investment firms to make the most informed investing decisions

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives