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Aviation Daily

July 17, 2008 Thursday

Delta Reduces Cost of Northwest Merger; Eyes 4Q Completion

BYLINE: Darren Shannon

SECTION: News; Pg. 1 Vol. 373 No. 12

LENGTH: 402 words

Delta has reduced the projected cost of its merger with Northwest to $600 million, and affirms that the deal will generate $2 billion in annual synergies by 2012.
The Atlanta-based airline, which reported a $1.2 billion second-quarter net loss on July 16 (See related story on Page 3), also believes the deal will be completed by the end of the year, and it expects to begin filing for a single air operators certificate in August.
Delta plans to fully integrate Northwest into its own operations between 12 and 24 months after the merger is ap-proved. With this integration, the new company, which will be called Delta, will have common cabin configurations, livery and uniforms, as well as a new loyalty program Delta says will be the world's largest with 60 million......

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Title: Ceo
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