DoinTime said:
YPF, I would think you would know better considering you claim to have been employed by NW. The parent/holding company of Northwest Airlines is NWAC (Northwest Airlines Corporation). There is no such thing as NWA holdings. NWAC and all of its subsidiaries are currently under bankruptcy protection. The FLYi certificate is being purchased by bankrupt NWAC.
The structure of NWA:
Corporate Structure & Units
(A) NWA Corp., Holdings and NWA Inc.
Northwest Airlines Corporation is the parent corporation of
Northwest Airlines Holdings Corporation, which, in turn, is
the parent corporation of NWA, Inc. NWA Inc. is the parent
corporation of Northwest Airlines, Inc., and the indirect
parent corporation of the other Debtors as well as certain
non-Debtor entities.
(B) Northwest Airlines
Northwest Airlines, Inc., is the principal operating
subsidiary of NWA Corp. Together with the other Debtors,
Northwest Airlines operates and manages a consolidated global
business with employees, assets and creditors located all
over the world.
(C) NFS
NWA Fuel Services Corporation, a New York corporation with
offices located at 1270 Avenue of the Americas, 6th floor,
New York, New York, operates a jet fuel supply and trading
business. In the course of its business, NFS purchases jet
fuel directly from numerous fuel suppliers and supplies the
fuel to Northwest and to other airlines.
NFS supplies fuel directly to Northwest Airlines' operations
at airports by truck. In addition, NFS arranges for fuel to
be shipped through common carrier pipelines across the United
States to various third party storage facilities located in
proximity to Northwest Airlines' major terminal hubs. NFS
primarily relies upon revenues obtained from Northwest
Airlines to sustain its business operations.
(D) MLT
MLT Inc. is among the largest vacation wholesale companies in
the United States. MLT develops and markets Worry-Free
Vacations that include air transportation, hotel
accommodations, car rentals, ground transportation and
leisure activities. In addition to its Worry-Free Vacations
charter program, MLT develops, markets and supports
Northwest's WorldVacations travel packages to destinations
throughout the U.S., Canada, Mexico, the Caribbean, Europe
and Asia, with air transportation provided primarily on
Northwest or its codeshare partners. During the fiscal year
ended December 31, 2004, MLT had revenues of $469,000,000.
(E) NATCO
Northwest Aerospace Training Corp. provides training and
aircraft simulation services primarily to pilots for
Northwest. NATCO makes all unused time available for sale by
a third party to other airlines, governments and
corporations. The NATCO training facility includes 18 full-
flight simulators and four fixed-base training devices. In
2004, NATCO had approximately $3,565,000 in revenue from the
sale of idle time.