ATLANTA — Once again, speculation is building that Delta Air Lines and Northwest Airlines could announce their plans to merge–as soon as Tuesday–following another round of pilot talks from each carrier.
Atlanta-based Delta and its pilots met over the weekend to discuss a potential agreement that would give pilots a pay hike and a stake in the combined airline, according to today's Wall Street Journal. Northwest pilots met separately in Minnesota on Sunday reiterating the union's position that it will oppose a merger that does not have their interests at the forefront of the decision-making process.
The deal could value Northwest at roughly $3 billion, according to the publication, citing unnamed sources, though terms were still being negotiated. If Delta and Northwest proceed and the transaction receives regulatory approval, the combined carrier would be the largest in the world.
Recommended For You
The $2.5 billion Delta Community Credit Union has stuck by its position that it is prepared should the airline merger go through. The $1.8 billion Wings Financial CU was originally chartered to serve Northwest Airlines but has since expanded membership to several carriers and has a trade, industry and profession charter.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
