The Deal
Sunday, November 8, 
9:18 am

Delta, Northwest pilots strike deal

  Share     E-Mail    Discussion    Print Story
AirplaneAboveClouds.pngDelta Air Lines Inc. said Tuesday, June 24, it has reached an agreement with its pilots and aviators at merger partner Northwest Airlines Corp., clearing a key hurdle in the planned integration of what would be the world's largest airline.

Continue reading below

Also on Dealscape

Atlanta-based Delta said the tentative agreement, which is subject to ratification by members of the Air Line Pilots Association, would take effect upon closure of its $2.1 billion acquisition of Northwest. The pilot groups have also agreed to a process designed to establish a single pilot seniority list by the time the deal closes.

Fears of discord between the airlines' respective pilots have, along with sky-high oil prices, derailed several potential airline combinations and almost kept Delta and Northwest on the sidelines. Delta and Northwest originally struck a tentative agreement in late January, but held off announcing the merger in hopes that their pilots could come to a side-deal handling integration.

The pilots were unable to agree to a combined seniority list at that time, but the airlines rekindled their talks in March and signed a merger agreement in April after Delta reached a deal with its pilots. - Lou Whiteman

See the full story from The Daily Deal





Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Dealing with frozen bank lending

If your bank is not willing to lend, what can you do as your company continues to seek growth?


Judgment Call

The coming age of the renminbi

The Chinese currency will play an increasingly important role in international commerce and finance.


Industry Insight

Banking on PE investments

Howls of protest greeted the FDIC policy statement, but the financial services industry should get over it.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.