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Pilots Buoy Northwest Airlines


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PILOTS BUOY NORTHWEST AIRLINES

Back in the U.S., Northwest Airlines is making strides toward getting its financial act together. The carrier's 5,600 pilots have all but agreed to "invest" $ 300 million in Northwest over three years. That investment, say sources close to the union, will probably take the form of pay cuts totaling $ 100 million annually rather than work-rule concessions. The union isn't ruling out demanding equity in exchange for its move and may also ask for a seat on the board of directors.

Northwest next will seek concessions from its mechanics and flight attendants. The carrier, with more than $ 4 billion in debt, has made other recent cost-cutting moves, including deferring delivery of 10 A330 planes from Airbus Industrie.EDITED BY HARRIS COLLINGWOOD


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