Northwest Airlines Announces Agreement with Bond Holders

EAGAN, Minn. – (May 3, 2007) – Northwest Airlines Corporation (OTC:NWACQ.PK) and the Ad Hoc Committee of Certain Claims Holders announced today that they have resolved all outstanding issues between them related to the confirmation of Northwest’s Plan of reorganization. The company stated that as a result, it would promptly file a supplement to its Plan of Reorganization which would set forth the agreements reached with the Committee. With these changes, the Committee stated that it supported confirmation of the company’s Plan of Reorganization.

Northwest Airlines is one of the world’s largest airlines with hubs at Detroit, Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam, and approximately 1,400 daily departures. Northwest is a member of SkyTeam, an airline alliance that offers customers one of the world’s most extensive global networks. Northwest and its travel partners serve more than 900 cities in excess of 160 countries on six continents.