Northwest Denies Plans to Merge or Sell Asian Routes
Financially pressed NWA Inc., parent of Northwest Airlines, denied reports Monday that it is considering merging with a larger airline or selling its lucrative Pacific routes.
“We have not discussed merging Northwest with a larger carrier, nor have we entertained any transactions in which Northwest does not maintain its independence and its employees retain their full security,” NWA Chairman Alfred A. Checchi said in a statement to employees.
“We have not discussed selling Northwest’s Pacific routes to any carriers,” he added.
Earlier, a pilots’ union spokesman said the nation’s No. 4 carrier, whose earnings have been hurt by the Persian Gulf War and recession, had outlined three options in talks with the pilots.
They were:
* Growth and independence, with concessions from employees.
* Merger with a larger airline, such as AMR Corp.’s American Airlines or Delta Air Lines Inc.
* Sale of its Pacific routes.
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