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Northwest’s Bankruptcy Imminent

In what is essentially the same story we heard about Delta earlier this week, it was reported that Northwest will file for bankruptcy protection in the next week or so.  Shares of the carrier dropped 58% on the news.  Mesaba Aviation, which flies on behalf of Northwest as a regional carrier, said that the parent company failed to make an $18 million payment due on Monday.  As you might guess, that is not good. 

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