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Anchored by Jonathan dela Cruz, Salvador Escudero, Boying
Remulla, Teddy Boy Locsin and Alvin Capino |
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8:00pm-10:00pm |
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Delta
Air
Lines
Inc. and Northwest Airlines
Corp. are poised to become the world’s largest airline
when their planned merger is complete by year’s end.
Photo shows (from left) Mike Campbell, executive vice
president of Network and revenue management of Delta
Air
Lines;
Richard Anderson,
chief executive officer of Delta
Air;
Doug Steenland, president and chief executive officer of
Northwest Airlines;
and Edward
Bastian, president and chief financial officer of Delta
Air,
during a news conference in New York, in this file
photo.
--Bloomberg |
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Delta,
Northwest seek joint |
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certificate for merger |
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ATLANTA—Delta Air Lines Inc. and Northwest Airlines
Corp., poised to become the world’s largest carrier,
filed for a joint operating certificate from the Federal
Aviation Administration (FAA)as they prepare to merge by
year’s end.
The
application and plans for interim operations have been
accepted by the FAA and are being processed,
Atlanta-based Delta said in a statement.
The
plan, which will take effect after the merger closes,
outlines the methodology, processes, tools and timing
for meshing operations over the next 15 to 18 months,
Delta said. Delta has said that president Ed Bastian
will be chief executive officer of Northwest from the
merger’s closing until the carriers can operate under a
single certificate.
The
combination of Delta, the third-largest US carrier, and
No. 6 Northwest would surpass AMR Corp.’s American as
the world’s biggest airline by traffic.
Shareholders of Delta and Northwest are scheduled to
vote on the merger on September 25. The combined company
will have $35 billion in annual revenue, almost 800
aircraft and 75,000 employees. (Bloomberg) |
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OTHER STORIES |
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Marina
seeks full, specific declaration of goods |
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The
government wants freight forwarders and cargo consolidators
to submit a full declaration of all goods that they will
ship anywhere in the country in a move to avoid disagreement
and misunderstanding between shippers and shipping firms. |
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read more |
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ICTSI to deploy more gantries
in Port of Manila |
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INTERNATIONAL Container Terminal Services Inc. (ICTSI) said
it received four brand-new rubber-tired gantries (RTGs) for
its flagship Manila International Container Terminal, the
country’s largest container port. |
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read more |
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Delta,
Northwest seek joint certificate for merger |
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|
ATLANTA—Delta Air Lines Inc. and Northwest Airlines Corp.,
poised to become the world’s largest carrier, filed for a
joint operating certificate from the Federal Aviation
Administration (FAA)as they prepare to merge by year’s end. |
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read more |
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Northrop
Grumman tests airborne laser designed to protect airports |
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BOSTON—Northrop Grumman Corp., the largest maker of unmanned
aircraft for the US military, demonstrated a high-altitude
defense that could be installed on unpiloted drones to
protect airports against shoulder-fired rockets. |
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read more |
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Dry-bulk shipping likely to
drop this week, says Fearnley Fonds |
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LONDON—Shipping rates for goods including coal, iron ore and
grains will probably decline this week because of weaker
demand from Chinese steelmakers and easing port congestion,
Oslo-based shipbroker Fearnley Fonds ASA said. |
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read more |
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