Delta Air Lines yesterday began the 12- to 24-month process of integrating Northwest Airlines, now a wholly owned subsidiary of DL, with the flying public likely to begin noticing changes in the first half of 2009. NWA stockholders each will receive 1.25 DL shares based on the latter's closing price on Oct. 29, an exchange rate that is the equivalent of $9.99 per NWA common share. DL said its code will be added to "nearly all of the Northwest system" by year end and "a fully consolidated ...

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