Northwest wants NYSE listing

Northwest Airlines
Corporation has filed an
application with the New York Stock Exchange (NYSE) to list its new
common stock after the airline emerges from Chapter 11 bankruptcy
protection in June.Subject to the approval of Northwest’s listing application and the
completion of the airline’s restructuring, Northwest expects that its
newly-issued common stock will begin trading on the NYSE in June under
the ticker symbol “NWA.”

  “The planned listing of Northwest stock on the NYSE is another
important milestone in the airline’s final preparations to exit
bankruptcy in the coming weeks. Recently, we achieved several other
key milestones including the naming of our new board of directors and
the start of solicitation of creditor approval for our Plan of
Reorganization,” said Doug Steenland, president and chief executive
officer of Northwest Airlines.

  “We are pleased to welcome Northwest Airlines, one of the world’s
leading airline carriers, to the New York Stock Exchange,” said NYSE
Euronext chief executive officer, John A. Thain. “We look forward to a
long, productive relationship with the company and its shareholders,
and to providing Northwest Airlines with unsurpassed levels of market
quality, visibility and services.”

  Neal Cohen, executive vice president and chief financial officer,
added, “It is appropriate that we will trade in the market as NWA
which is the well-known and recognized symbol for Northwest Airlines
which our customers see on our aircraft, at the airport and at our
award-winning web site, nwa.com.”

  Northwest added that upon the effective date of its Plan of
Reorganization, the outstanding common stock, currently traded under
the ticker symbol NWACQ.PK, and preferred stock of the company will be
cancelled for no consideration and therefore the company’s
stockholders will no longer have any interest as stockholders in the
company by virtue of their ownership of the company’s common or
preferred stock prior to emergence from bankruptcy.
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