LYCOS RETRIEVER 
Northwest Airlines: United States
built 660 days ago
Northwest Airlines („Northwest“) ist eine international operierende US-amerikanische Fluggesellschaft. Sie ist die älteste verbliebene Fluggesellschaft der USA (sog. Legacy-Carrier) und hinter American, Delta, Southwest und United Airlines die fünftgrößte Fluggesellschaft der USA. Im Jahre 1980 nahm die Fluglinie - damals noch als "Northwest Orient Airlines" geführt - ihren Linienverkehr nach Deutschland (Hamburg) auf.
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On August 12, 2007, Northwest Airlines became a possible passive investor in the purchase of Midwest Airlines by TPG Capital. They stated that while they are an investor, they will not participate in any management or control of Midwest Airlines.[10] However, on August 14, 2007, AirTran Airways raised their offer for Midwest to $16.25 a share, 25 cents more than the TPG offer.[11] But soon after on August 17, 2007, TPG Capital raised their offer to $17.00 a share which sealed the deal. Northwest Airlines will now become a minority owner of Midwest Airlines in the fourth quarter of 2007.[12]
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In 1992 Northwest and KLM Royal Dutch Airlines applied to the United States Transportation Department to merge the operations of the two companies and function as one. Since the United States had recently signed a treaty with the Netherlands allowing companies a good deal of leeway, the Transportation Department approved the combination, allowing Northwest and KLM to coordinate prices, available seats, sales forces, and data, while sharing revenues. An added bonus was the injection of KLM's equity stake in the company. The alliance nearly doubled the pair's share of transatlantic traffic, to 12 percent.
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Despite far-reaching money saving initiatives, Northwest was forced to file for Chapter 11 bankruptcy protection for the first time in its 79-year history. The filing took place in the U.S. Bankruptcy Court for the Southern District of New York on 14 September 2005. With Northwest's filing, four of the six largest U.S. carriers were operating under bankruptcy protection. Northwest joined Delta Air Lines (which filed just minutes before), United Airlines, and US Airways in bankruptcy. US Airways and United Airlines, and very recently, Delta Air Lines, have since emerged from bankruptcy protection. Northwest common stock shares dropped more than 50% for the second time in three days following the news, largely because stock is generally cancelled as part of the bankruptcy process.
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Thursday morning, Northwest Airlines was poised to become the second major United States airline to emerge from Chapter 11 Bankruptcy this spring. The carrier follows relatively close on the heels of Delta Air Lines, which shed the shackles a few weeks back.
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Reportedly, Northwest officials expect to return to the negotiating table, though the airline is preparing for a strike by training contract workers. Reuters reports that an official Northwest statement notes the company sought an end to mediation in order to force a deadline on the union.
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