Approved

mrf777

Advanced
Aug 20, 2002
143
0
CLE
www.usaviation.com
Continental, Delta and Northwest Receive Final U.S. Regulatory Approval For Alliance


HOUSTON and ATLANTA and MINNEAPOLIS, March 31 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE:CAL), Delta Air Lines (NYSE:DAL) and Northwest Airlines (Nasdaq:NWAC) today issued the following statement in response to the United States Department of Transportation''s favorable review of the proposed alliance:

With the DOT''s approval, the alliance will bring consumers lower fares, increased service levels and broader choices of destinations. A similar marketing agreement between Continental and Northwest has led to as much as $1.5 billion in annual benefits to consumers. While Continental, Delta and Northwest will continue to operate independently and compete vigorously with each other for customers, the alliance will enable each carrier to access a greater number of customers and, in this weak economic environment, will preserve service to small communities and those communities'' access to broad route networks.

SOURCE Continental Airlines; Delta Air Lines; Northwest Airlines

CO: Continental Airlines; Delta Air Lines; Northwest Airlines; United States Department of Transportation

ST: Texas, Georgia, Minnesota

SU: JVN

http://www.prnewswire.com

03/31/2003 20:20 EST
 

Bizman

Advanced
Jan 20, 2003
165
0
----------------
On 4/1/2003 11:13:35 AM usfliboi wrote:

congrats.....any idea when bk will come?

----------------​

Didn''t you just come out of bk on the 1st? This alliance should drain more traffic from U so your guess when you get back to bk is as good as anyones.
 

firstamendment

Veteran
Apr 1, 2003
1,348
0
Visit site
----------------
On 4/2/2003 12:59:28 PM Bizman wrote:

----------------

On 4/1/2003 11:13:35 AM usfliboi wrote:


congrats.....any idea when bk will come?


----------------​


Didn''t you just come out of bk on the 1st? This alliance should drain more traffic from U so your guess when you get back to bk is as good as anyones.

----------------​
Well, if ANYBODY knows what its like to go BACK into bankruptcy, it''s Continental. My grandma, what bad memory we have.

Someone, anyone...can a company file Chapter 11 a third time?
If not, guess who''s going to get screwed if the economy doesn''t turn?
 

FA Mikey

Veteran
Aug 19, 2002
4,421
301
miami
goldwatermiller08.com
----------------
On 4/6/2003 7:32:21 PM firstamendment wrote:

Someone, anyone...can a company file Chapter 11 a third time?
If not, guess who''s going to get screwed if the economy doesn''t turn?

----------------​
There is a three strike your out policy. Lucky for CAL, anything prior to the start of the new law doesn''t count.
 

Latest posts