Northwest Airlines Announces Annual Shareholders Meeting to Be Held in New York
Northwest Airlines (NYSE: NWA) will hold its annual shareowners meeting in New York September 25th, 2008 to vote on the proposed merger between Northwest Airlines and Delta, creating America’s premier global airline.
The meeting will be held at the Equitable Life Building in New York, 787 Seventh Ave. New York, NY in the Equitable Auditorium. The meeting time is yet to be determined.
If approved, the new combined airline will be called Delta and would provide access to more than 390 destinations in 67 countries. With virtually no overlapping cities, the new airline will emerge as an excellent strategic fit with routes complimenting each other worldwide.
“Looking back on the announcement of our merger with Delta, we are more confident than ever that this was the right deal at the right time,” said Doug Steenland, president and CEO of Northwest Airlines. “Moving forward, the combined carrier will be in the best position to compete globally — validating that this was the right transaction for our employees, customers, shareholders and the communities we serve,”
Steenland continued, “The merger-related synergies will improve the financial ability of Northwest and Delta to meet the challenge presented by the fuel crisis and better position the combined carrier for long-term strength and profitability.”
Northwest Airlines is one of the world’s largest airlines with hubs at Detroit, Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam. Northwest, with its regional partners, operates approximately 2,400 daily departures. Northwest is a member of SkyTeam, an airline alliance that offers customers one of the world’s most extensive global networks. Northwest and its travel partners serve more than 1,000 cities in excess of 160 countries on six continents.