Delta Air Lines Inc.'s top two executives told employees Tuesday that the nation's No. 3 carrier has not yet arrived at a potential combination transaction that meets all of its principles.
The memo to employees from Delta Chief Executive Richard Anderson and President Ed Bastian was issued as talks between the Atlanta-based company and Eagan, Minn.-based Northwest Airlines Corp. have been hampered by an inability by their pilots unions to reach a deal on integrating seniority lists.
The executives said the company's criteria for any potential deal include protecting the seniority of Delta employees and creating greater job security.
Other conditions include that the combined airline be called Delta and be headquartered in Atlanta. Officials familiar with the talks have said those criteria have already been met, as have most other issues, except for pilot integration.©AP