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Northwest Buys Precious Talk Time In Union Dispute

Law360 (January 25, 2006, 12:00 AM EST) -- Northwest Airlines’ management and pilots have bought more time this week to negotiate cost-saving deals that will determine whether the carrier will fold.

Judge Allan Gropper recessed until next week’s hearings on the struggling airline’s bid to reject its existing labor contracts and cut pay in an attempt to scrape together the $1.25 billion it needs from investors to emerge from debt.

The judge urged the carrier and its unions to come to an agreement, but pilots continued informational picketing earlier this week with demonstrations at...
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