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Nov 9, 2008 1:14 pm US/Central
Minn. Lawmakers To Hold Hearing On NWA-Delta Combo
ST. PAUL (AP) ―
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Federal regulators signed off last month on the merger creating the world's biggest airline.
CBS
Now that Delta and Northwest are combined, Minnesota lawmakers want to know if their state is going to get a fair shake.
Federal regulators signed off last month on the merger creating the world's biggest airline. Delta acquired Eagan-based Northwest and will base the new company in Atlanta.
The Minnesota House Local Government and Metropolitan Affairs Committee is due to hold a hearing Thursday to inquire how Minnesota interests were protected.
They are examining whether Northwest remains true to its 1992 loan deal with the state. It required the carrier to maintain a Minnesota hub, reach certain job benchmarks and keep its corporate headquarters in the state.
Failure to meet those obligations can lead to a call on Northwest's outstanding loan debt.
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