Northwest To Investors: Fly Me

Northwest Airlines is set to go public to the tune of $1 billion. Sometime around the New Year, sources close to the St. Paul (Minn.)-based airline say, Northwest will offer $500 million in common stock, with perhaps an additional $500 million via a preferred offering around Feb. 15. The nation's No.4 carrier also hopes to net $370 million through financing its receivables. Northwest wouldn't comment.

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