=20 ---------------------------------------------------------------------- This article was sent to you by someone who found it on SFGate. The original article can be found on SFGate.com here: http://www.sfgate.com/cgi-bin/article.cgi?file=3D/n/a/2007/01/12/financial/= f081543S15.DTL --------------------------------------------------------------------- Friday, January 12, 2007 (AP) Airline Files Bankruptcy Reorganization (01-12) 08:15 PST MINNEAPOLIS (AP) -- Northwest Airlines Corp., the nation's fifth largest carrier, filed its bankruptcy reorganization plan on Friday, another step toward its planned emergence from Chapter 11 protection in the second quarter of this year. The plan did not address perhaps the largest question surrounding Northwest right now: Whether it will merge with another airline. Northwest has hired a merger advisory firm, although it has not commented publicly on its plans. The 66-page plan also didn't include several schedules to be filed later, including management compensation. Northwest's bankruptcy judge in New York extended until Feb. 15 its time to file disclosures related to the plan. Northwest said its shares, which had continued to trade over the counter, would be canceled once it emerges. It said its unsecured creditors would not be paid in full. Northwest had filed for Chapter 11 protection on Sept. 14, 2005, and had until Tuesday to file its own reorganization plan. After that, other parties such as creditors could have proposed their own reorganization plan. ---------------------------------------------------------------------- Copyright 2007 AP