Announcement
On April 14, 2008, both Delta and Northwest Airlines announced that they would merge to create the world's largest airline under the Delta name. The Atlanta-based combined airline will have $17.7 billion enterprise value. The company also stated on April 14, 2008 that it agreed with its pilot union to extend the existing collective bargaining agreement through the end of 2012. The agreement, subject to a vote by the pilots, provided Delta pilots a 3.5% equity stake in the created new airline.
Read more about this topic: Delta Air Lines-Northwest Airlines Merger
Famous quotes containing the word announcement:
“Losing faith in your own singularity is the start of wisdom, I suppose; also the first announcement of death.”
—Peter Conrad (b. 1948)