Delta Air Lines wants to acquire Northwest Airlines

Acquisitions, Airlines and Airports April 15th, 2008

Delta Air Lines wants to acquire Northwest Airlines

Delta Air Lines has said that they are going to acquire Northwest Airlines through a deal worth around USD 3 billion.

This acquisition deal if approved would create the world’s largest airline company.

The two companies said that the deal would give Northwest shareholders 1.25 Delta shares for each Northwest share they own.

Market analyst Robert Mann spoke about this announcement: “It’s a very optimistic view on an industry that’s been very dismal for the last couple of weeks.”

Delta chief executive Richard Anderson added: “Together, we are creating America’s leading airline — an airline that is financially secure, able to invest in our employees and our customers, and built to thrive in an increasingly competitive marketplace.”