jetflier
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Report: Delta Board to Meet Wednesday
The airline's board plans to approve a merger proposal with Northwest Airlines at the meeting, the Financial Times reported.
Last update: February 15, 2008 - 4:56 PM
Delta Air Lines' board plans to meet Wednesday to approve a merger with Eagan-based Northwest Airlines, the Financial Times reported today on its website.
The financial newspaper, citing unnamed "people close to the matter," also said a meeting of Northwest's board may be called for the same day.
Late Friday, the airlines were negotiating with the Air Line Pilots Association in an effort to secure the union's support, the Financial Times said. But the paper said the two airlines have agreed to exchange Northwest's shares for those of Delta at little or no premium.
The airline's board plans to approve a merger proposal with Northwest Airlines at the meeting, the Financial Times reported.
Last update: February 15, 2008 - 4:56 PM
Delta Air Lines' board plans to meet Wednesday to approve a merger with Eagan-based Northwest Airlines, the Financial Times reported today on its website.
The financial newspaper, citing unnamed "people close to the matter," also said a meeting of Northwest's board may be called for the same day.
Late Friday, the airlines were negotiating with the Air Line Pilots Association in an effort to secure the union's support, the Financial Times said. But the paper said the two airlines have agreed to exchange Northwest's shares for those of Delta at little or no premium.
