Delta and Northwest airlines announced a $17.7 billion merger Monday night that will create the world's largest carrier -- headquartered in Atlanta with major hubs across the globe, including Asia and Europe.
The mega-airline, which will be called Delta, will have more than $35 billion in combined revenue and about 75,000 employees.
Officials with both airlines said there will be no layoffs of front-line employees nor immediate hub closings.
It is likely that the all-stock deal will unleash a series of other airline mergers that could be even larger, including a possible deal between United and Continental airlines.
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