Setting the stage for major airlines mergers in future, Delta Airlines and Northwest Airlines will come together in a $3.1 billion deal to create the world's biggest airlines.
The alliance, retaining the name and flag of Delta, comes in the backdrop of a weak economy and growing competition from Europe and with an aim to contain the rising fuel and operational costs.
To be headed by Delta chief executive officer Richard H Anderson, the deal will see through if it passes regulatory approvals.
Text: Press Trust of India
Image: This combination picture shows a Delta Airlines jet (top) at the Ronald Reagan National Airport in Arlington, Virginia, and (below) a Northwest Airlines plane at Minneapolis airport. | Photograph: AFP Photo/Files/Paul J. Richards (top)/Stan Honda/AFP/Getty Images
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