Delta, Northwest Pilots Approve Joint Collective Bargaining Agreement
Posted on: Tuesday, 12 August 2008, 09:01 CDT
Delta Air Lines and Northwest Airlines have confirmed that the pilots of both the airlines have voted to approve a joint contract, the terms of which will be applicable to both pilot groups upon closing of the Delta-Northwest merger, expected later in 2008.
Delta Air Lines has previously announced that it is combining with Northwest in an all-stock transaction. The new company will be called Delta and will be headquartered in Atlanta. The merger is subject to the approval of Delta and Northwest shareholders and regulatory approvals.
Richard Anderson, CEO of Delta, said: "Approval of a joint contract that will cover both pilot groups immediately upon closing of the merger is an historic milestone in creating the world's premier global airline and we are pleased that pilots from both airlines chose to take this important step to unify the pilot group."
Source: Datamonitor
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