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BUSINESS BRIEFING

Delta, Northwest merge

October 30, 2008|times wire services

Delta Air Lines Inc. has completed its $2.8-billion deal to acquire Northwest Airlines, creating the world's biggest carrier.

The announcement marked a swift conclusion to the deal. Earlier in the day, the Justice Department granted antitrust approval, and a lawyer for 28 air travelers who had sued to block the deal said the parties had settled the case.

The new Delta will be headquartered in Atlanta, and Delta Chief Executive Richard Anderson will head the combined carrier, whose structure will take shape over the next 18 months.

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