Tuesday, April 15, 2008

Delta-Northwest Merger

Delta Air Lines announced a long-speculated deal to acquire Northwest Airlines for about $3.1 billion Monday, a combination that will create the world's largest airline and could lead to a series of other deals to reshape the U.S. airline industry.

The new carrier will operate under the Delta name, and be based in Atlanta.

Delta said the carrier will maintain the nine hubs of both airlines in the United States, Europe and Asia, serving more than 390 destinations in 67 countries. The combined carrier will have $35 billion in annual revenue, more than 800 airplanes and 75,000 employees, according to Delta...

read the CNN story

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