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May 16, 2008 10:49:33 PM CDT

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Delta Pilots Aboard for Merger  

Posted Apr 10, 08 10:21 PM CDT in US,  Business    Most Covered

(newser) – Delta Air Lines has reached a deal with its 7,000 pilots that is expected to allow a long-delayed merger with Northwest Airlines to take off, Bloomberg reports. The airlines plan to announce the merger next week, sources said. The new airline would carry the Delta name and jet past American Airlines to become the world's largest carrier.

"It always made strategic, long-term sense for these companies," said securities analyst Michael Derchin. "With oil at $110 per barrel and the weakening economy, Delta probably got to the point where they felt like they needed to move ahead.''  The deal stalled over how to combine seniority among pilots after the merger. 

Source Bloomberg

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Delta Pilots Aboard for Merger
A pilot in a Delta Airlines jet Sea-Tac International Airport in Seattle. A deal between Delta and its pilots clears the way for a merger with Northwest.   (AP Photo/Ted S. Warren, file)
Delta Pilots Aboard for Merger
A Delta Air Lines jet takes off at Atlanta International Airport in Atlanta. A proposed merger with Northwest would make Delta the world's largest carrier.   (AP Photo/Ric Feld, file)
Delta Pilots Aboard for Merger
A Delta plane taxis behind a parked Northwest Airlines jet at the Minneapolis-St. Paul International Airport. The two airlines are expected to announced a long delayed merger.   (AP Photo/Jim Mone)
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recession  • oil prices  • merger  • American Airlines  • Northwest Airlines  • Delta Air Lines  • Richard Anderson  • pilots contract


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