This will not doubt lead to more lay-offs over the other side of the pond....
Delta buys Northwest to create world's biggest airline
By James Quinn, Wall Street Correspondent
Last Updated: 8:03am BST 15/04/2008
Delta Air Lines has agreed to buy rival Northwest Airlines in a $3.6bn deal that will create the world's largest airline and is likely to trigger a wave of consolidation across the industry.
Delta and Northwest have confirmed merger
Following months of talks, Delta and Northwest have confirmed their merger plans, that will be structured as a takeover of Northwest by Delta but will value both airlines at around $3bn each.
The pair were close to announcing their merger back in February, but that plan was derailed following disagreements between Delta and its all-powerful pilots over the future seniority of pilots post-merger.