Posted on 01/10/2007 10:18:13 PM PST by saganite
Delta Air Lines and Northwest Airlines are in talks on a possible link-up, according to a newspaper report on Wednesday.
The Wall Street Journal, which cited sources "familiar with the matter", said representatives of the two carriers, which are numbers 3 and 5 in the United States respectively, have met regularly for weeks discussing a possible link-up after they both emerge from bankruptcy.
The two airlines have been restructuring in bankruptcy since September 2005 and aim to exit this year. A Northwest spokesman declined to comment. Delta officials were not immediately available for comment.
The report came in the wake of news that US Airways, which made a hostile bid for Delta in November, has raised its offer to USD$10.3 billion.
Delta management had rejected the original US Airways bid, but US Airways hopes to persuade the carrier's creditors to have management reconsider.
Delta has filed a plan to exit bankruptcy as a stand-alone company. Northwest has said it plans to file its own reorganization plan by January 16.
All I know is I'll be ticked off if Salt Lake loses its Delta hub status.
A DL-NW merger would make much more sense than DL-US - less overlap in routes and the hubs wouldn't be so close.
Could you close the caption just prior to Delta to reflect actual title as opposed to my comment? Should read (Delta+Northwest instead of US Air)
Count on it.
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