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MINNEAPOLIS (AP) - Northwest Airlines said its creditors overwhelmingly approved its bankruptcy reorganization plan, another key step on its way toward emerging from bankruptcy protection next month.
An unofficial vote tally shows that almost 97 percent of creditors who voted approved the plan, the airline said on Wednesday. Final results will be filed in bankruptcy court in New York later this week.
A confirmation hearing on Northwest's reorganization plan is set to begin May 16, and Northwest has said it expects to emerge from bankruptcy in June. It has been operating under bankruptcy protection since Sept. 14, 2005.
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