It is the chronicle of an announced marriage. The American company Delta Air Lines Air Lines officially acquired Wednesday its Northwest Airlines counterpart for 2,8 billion dollars after having obtained the green light of the American authorities of competition. Engagement had been announced in April. It was the last stage. The shareholders, the trade unions and the European commission already gave their agreement. ( Finance Information City )
The new company born of fusion is called Delta and it is based in Atlanta. It serves 66 countries, more than 375 cities in the world and employs 75 000 people. It should carry out an annual turnover of 35 billion dollars per annum and exploit a fleet of 800 apparatuses. “We created a world airline company of first offering order of the services for all the main markets of travellers of planet”, commented on Delta Air Lines in an official statement.
Two billion economies per annum
The new giant flies officially since yesterday, but it will be necessary to wait a little so that the passengers see a real difference. The complete integration of Northwest must indeed be done from here at one or two years.
If the objective is well to be more extremely together and to continue to develop within the framework of the SkyTeam alliance to which Air France-KLM belongs, the urgency for the two American companies is to realize savings.
Two weeks ago, Delta announced a loss of 26 million dollars for the third quarters, because primarily of the blaze of the prices of the kerosene. On its side, Northwest Airlines announced last week a loss of 317 million dollars due to a dysfunction of its program of cover of the purchases of fuel. Thanks to their fusion, the two conveyors ambitionnent to carry out two billion dollars of economies per annum.
This marriage makes lose in Air France-KLM the statute of first world company. But he is absolutely not lived as such by the company which is pleased with this fusion. Air France-KLM had even proposed to invest 750 million dollars in the future group.
The marriage of Delta and Northwest eliminates the risk of a union between Delta and United, member of concurrent alliance Star Alliance. It facilitates also the development of the bonds tied between the four companies. KLM and Northwest have trade agreements, Delta and Air France on their side set up a partnership on the transatlantic market. On these lines where their programs of flights are entirely coordinated, the two companies share the costs and the receipts. Henceforth, it is Air France-KLM and the new Delta company which will collaborate.
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