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Published on 5/14/2008 in the Prospect News Special Situations Daily.

Pilots' approval good news for proposed Delta, Northwest Airlines merger

By Lisa Kerner

Charlotte, N.C., May 14 - The Air Line Pilots Association (ALPA) said Delta Air Lines, Inc. pilots "overwhelmingly approved" a modification to their current contract, marking an important step toward combining Delta and Northwest Airlines Corp.

"We remain committed to working with the ALPA leadership of both the Delta and Northwest pilots to reach a joint pilot agreement before the closing of the merger," Delta chief executive officer Richard Anderson said in a company news release.

In April, Delta announced it would combine with Eagan, Minn.-based Northwest in a $17.7 billion all-stock transaction.

The new company will be called Delta and will be based in Atlanta, where Delta currently has its headquarters.


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