Under the terms of the proposed all stock swap deal between Delta and Northwest, the latters shareholders will get 1.25 Delta share for each Northwest share they hold.
Experts say it could take up to one year for the two to completely merge the operations given the different systems they follow.
The board of new airlines will comprise of seven members from the Delta and five from the Northwest Airlines. chairman of Delta Daniel A Carp would retain his post.
The board would also have a representative of the Air Line Pilots Association.
Image: Northwest customers wait in line at the Northwest ticket counter on April 14, 2008 at San Francisco International Airport in San Francisco, California. | Photograph: Photo by Justin Sullivan/Getty Images
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