FAA accepts interim operations plan from Delta, Northwest

By Lisa Kerner

Charlotte, N.C., Sept. 22 - The Federal Aviation Administration accepted the plan submitted by Delta Air Lines, Inc. and Northwest Airlines Corp. for interim operations and for achieving a Single Operating Certificate over the next 15 to 18 months.

Delta senior vice president of maintenance operations John Laughter called the acceptance "a significant milestone" in joining the two airlines.

"Acceptance of our plan lays the groundwork for a smooth transition of our operations," Ken Hylander, Northwest's chief safety officer, said in a Delta news release.

In April, Atlanta-based Delta and Eagan, Minn.-based Northwest announced plans to merge in an all-stock transaction with a combined enterprise value of $17.7 billion.

Northwest stockholders will have the right to receive 1.25 shares of Delta common stock for each share of Northwest common stock they hold if the merger is completed, according to a 424B3 filing with the Securities and Exchange Commission.

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