Delta pilots ratify merger with Northwest
15 May 2008
Atlanta: Delta management announced it had received the backing of its pilots, with the Air Line Pilots Association informing the company that member pilots overwhelmingly approved the Letter of Agreement 19.
The endorsement will "facilitate the realisation of revenue synergies from the combination of Delta and Northwest Airlines, once the merger is completed," Delta CEO Richard Anderson said in a statement.
"We are pleased with the Delta pilots' decision to ratify a modification to their current contract, marking an important step towards combining our two great airlines. We remain committed to working with the ALPA leadership of both the Delta and Northwest pilots to reach a joint pilot agreement before the closing of the merger.''
Delta announced in April that it would merge with Northwest in an all-stock transaction.
The new entity, which would also create the world's largest airline, would retain the Delta name and would be headquartered in Atlanta. Combined operations would network 390 destinations in 67 countries through a fleet of nearly 800 aircraft.
Together, Delta and Northwest would also generate more than $35 billion in aggregate annual revenues.
The merger is subject to the approval of Delta and Northwest shareholders and regulatory approvals, which are expected to be completed later this year.