Northwest Airlines received final US Bankruptcy Court approval of its reorganization plan Friday and said it will exit Chapter 11 on May 31, ending a 20-month restructuring process in which it slashed annual expenses by $2.5 billion including $1.4 billion in annual labor costs. "We are pleased to have completed our restructuring successfully," President and CEO Doug Steenland said. "We are now focused on emerging from Chapter 11 as a strong, publicly traded company, which will provide ...

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