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2008-10-31 12:00:21

Delta Air Lines has completed its merger with Northwest Airlines, after receiving necessary regulatory approval from the US antitrust authorities, to create the world's largest airline in terms of passenger traffic. The merger was realized six months after Delta and Northwest forged a deal to create a combined entity to mitigate growing fuel costs that have threatened to ground several US carriers. The combined airline will be called Delta. The combined entity has 75,000 employees and...

2008-10-29 21:00:09

The U.S. Justice Department Wednesday approved the merger of Delta Air Lines Inc. and Northwest Airlines Corp., clearing its last major regulatory hurdle. The department's antitrust division issued a statement in which it said its "thorough, six-month investigation" led it to conclude the merger "is likely to produce substantial and credible efficiencies that will benefit U.S. consumers and is not likely to substantially lessen competition." Delta, based in Atlanta, is the third-largest...

2008-10-29 15:00:20

WASHINGTON, Oct. 29 /PRNewswire-USNewswire/ -- International Association of Machinists and Aerospace Workers (IAM) General Vice President Robert Roach, Jr., today issued the following statement in response to the Department of Justice's approval of the Northwest Airlines-Delta Airlines merger. "After eight years of disastrous economic decisions by the Bush Administration, this comes as no surprise. It is another opportunity for executives to stuff their pockets at the expense of...

2008-10-16 06:00:20

Research and Markets (http://www.researchandmarkets.com/research/8eb428/europe_aviation_se) has announced the addition of the "Europe Aviation Sectors: A Company and Industry Analysis (May 2008)" report to their offering. This report updates the previous European aviation report, focusing on the markets in France, Germany, Ireland, Italy, Spain and the United Kingdom Current Environment - Key Points -- More than 358 million passengers were carried by the Association of European...

2008-09-25 21:00:26

Northwest Airlines today announced Paul Mifsud, vice president of government and legal affairs for its joint venture partner, KLM Royal Dutch Airlines, is a recipient of the U.S. Federal Bar Association's "Transportation Lawyer of the Year" Award. Mifsud, an accomplished international aviation attorney and founder of the "Mifnet" online discussion forum, will receive the honor September 25th at the 2008 Federal Bar Association Reception in Washington, D.C. Mifsud's contribution to...

2008-09-25 12:00:29

Stockholders at the Northwest Airlines Corporation (NYSE: NWA) 2008 Annual Meeting in New York City today overwhelmingly voted in favor of the proposed merger with Delta Air Lines. As of July 31, 2008, the record date for the vote, there were 253,349,623 shares of Northwest common stock outstanding and entitled to vote at the annual meeting. More than 98 percent of the shares voted supported adopting the merger agreement. "This is a resounding vote of confidence by shareholders for our...

2008-09-15 18:00:25

Chicago-based BCI Aircraft Leasing, Inc. ("BCI") has signed a letter of intent for a sale and leaseback transaction with China Airlines. The deal will include a 2006 Airbus A330-300 commercial aircraft which will be operated in passenger service on long-term lease by the Taiwan-based carrier. "We are grateful for the opportunity to add Taiwan's leading airline to our list of respected worldwide partners," said Alain Maestracci, BCI's Vice President of Business Development. "China Airlines...

2008-08-07 09:00:41

Delta wins EU approval to buy Northwest Airlines BRUSSELS, Aug. 6 (Xinhua) -- Delta Airlines of the United States won approval from the European Union (EU) on Wednesday to buy its smaller U.S. rival Northwest for more than three billion U. S. dollars. The European Commission, the EU's antitrust watchdog, said in a statement that the transaction would not significantly impede effective competition in the EU. Delta, the third-largest U.S. airline, is a network airline providing...

2008-07-30 00:00:33

By David Prosser Deputy Business Editor Holding company to list in the UK and Spain British carrier looks to expand from Madrid hub British Airways and Iberia, the Spanish flag carrier, are holding talks they hope will lead to a merger before the end of the year, the two airlines said yesterday. A deal between the two companies, whose boards have both already approved the merger talks, would create the world's third largest airline and is also likely to kick start a new round of...

2008-07-25 09:01:00

Air Canada to partner with Continental Airlines in American market OTTAWA, July 24 (Xinhua) -- Canada's largest airline Air Canada said on Thursday it is planning to partner with Continental Airlines, the fourth-largest U.S. carrier, to provide enhanced service to the American market. The agreement will provide customers a broader network of destinations, frequent flyer benefits and lounge access, the airline said. It hopes to realize greater efficiencies through the partnership at a...


Word of the Day
barghest
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).
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