17th April 2008, 09:10 AM
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Member
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Join Date: Mar 2008
Location: YMTG
Posts: 147
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From: http://yssyforum.net/board/showthread.php?t=349
Quote:
Delta, Northwest boards approve merger deal
April 15, 2008 - 11:03AM
The boards of Delta Air Lines and Northwest Airlines have approved a merger deal that would create the world's largest airline by traffic, Delta said in a statement Monday.
Delta will head the combined airline, "creating America's premier global airline" if the 17.7-billion-dollar deal passes regulatory approval, the company said in statement.
"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," it said.
© 2008 AFP
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