CNBC Rumor: Delta & Northwest To Announce Merger This Comi..

External Since: May 02, 2007 Posts: 27

I heard the prediction on cable tv very recently (maybe yesterday),
and so please take its accuracy given that caveat:

The hdqs is to be Atlanta

The surviving name is to be Delta

Such may or may not be posted at their website

www.cnbc.com

External Since: May 02, 2007 Posts: 27

On Feb 16, 11:50 am, Bert Hyman <b... DeleteThis @iphouse.com> wrote:
> Innews:4fda6e7c-0ba0-4aca-93a6-333360e5c2e7@62g2000hsn.googlegroups.com
>
> Robert Cohen <robtco... DeleteThis @msn.com> wrote:
> > I heard the prediction on cable tv very recently (maybe yesterday),
>
> http://www.startribune.com/business/15677542.html
>
> NWA, Delta near final phase of merger talks
>
> Their boards are expected to meet next week, and Gov. Tim
> Pawlenty seeks word that NWA's hub and headquarters will remain
> in Minnesota.
> ...
>
> In a letter sent to the chief executives of both airlines,
> Pawlenty reminded them that Northwest received about $445
> million in loans and lease concessions from the Metropolitan
> Airports Commission (MAC) in exchange for signing agreements
> that require Northwest to maintain a hub and headquarters in
> Minnesota.
>
> "We trust and expect that these commitments will be honored,"
> Pawlenty wrote. The governor added, though, that he is ready to
> give new aid if the airlines will honor that prior pledge.
>
> --
> Bert Hyman St. Paul, MN b...@iphouse.com

Yeah, it appears to be a poltical non-starter, as both airlines
have ....uh...loyalty obligations.

Yet, many investors & others concerned about airline industry
solvency, are pushing for merger.

Do you know what complexity is, boys & girls?