It's Official -- Delta Northwest merger is approved
Posted by
Jacob on Thursday, October 30, 2008
In a statement issued late Wednesday, The US Dept of Justice announced that they have approved the much talked about acquisition of Northwest Airlines by Delta Airlines, which was the final litmus test the deal had to be put through before approval.
The new Delta will remain based in Atlanta. Metro Atlanta Chamber of Commerce President Sam A. Williams said, "Delta's route structure makes Atlanta the most connected city on earth".It also makes Delta Airlines the world's largest airline.
The combined airline will see approximately $2 Billion annual revenue.Despite a sharp decline in oil prices, down from over $140 a barrel to the current range of $65 per barrel fuel prices are still expensive and airline demand is continuing to fall.
A former CEO of Northwest , will remain as CEO of the new Delta, with his eight most senior officers evenly split among Delta and Northwest executives.
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Reader Comments
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will they combine the frequent flier programs, and when as best as you can guestimate?
by arthurmiltz on
Friday, October 31, 2008
I believe they will combine both frequent flier programs as soon as NW is officially Delta Airlines but accourding to the NW CEO all NW miles will honored by Delta Airlines and eventually be integrated into one program.
by Jacob Kasnett on
Saturday, November 01, 2008
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