breaking news: Δ + NW

As usual, by far the best economic interpretation on this M&A came out in http://www.breakingviews.com  (click: topics/bidsbuyouts) –  look for it!  Being basically a contestable market (Baumol), or at least one with low entry barriers and sunk costs, shake out will continue in this industry – even after the inevitable concentration wave, just following now.

FT – Delta Northwest deal creates world’s largest carrier

Delta Air Lines and Northwest Airlines agreed to merge in a deal that will create the world’s largest carrier and may touch off a wave of consolidation within the US aviation industry – 03:00

WSJ

Whats News

As of 4:36:00 AM EDT Tue, April 15, 2008
  

[[Go to story.]]  

Delta and Northwest’s boards approved a merger that would create the world’s largest airline by traffic if the deal wins over regulators and employees. The combined carrier would keep Delta’s name and Atlanta headquarters. (Press release) 4:16 a.m.
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Published in: on April 15, 2008 at 8:48 am  Leave a Comment  
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