Delta Air Lines’ pact with its pilots cleared the way for its proposed merger with Northwest Airlines Corp., but the lack of a separate deal with Northwest’s pilots could produce labor-induced heartburn for the new Delta for years to come, two lawyers said this week.
On Monday, Delta said it agreed to buy Northwest for $3.63 billion in stock, creating the world’s largest airline. As part of the deal, Delta gave its pilots an equity stake in the new company. No such deal was consummated with Northwest’s pilots, and the Northwest pilots’ union has said it will fight the merger.
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