The nose landing gear on an arriving Northwest Airlines Boeing 747 collapsed at Guam shortly after 2 p.m. Friday. Continental and Continental Micronesia diverted all arriving flights to Anderson AFB or Saipan when emergency officials closed the runway. Departing flights were either canceled or delayed.  The Company said it expected normal operations to resume Saturday. 

The IAM/ExpressJet Tentative Agreement was rejected by the majority of the membership who also voted for strike action.  Today, the IAM invoked the services of the National Mediation Board in accordance with the Railway Labor Act in an effort to resolve this dispute.  We will continue to advise you of future developments as they occur. 

The New York Times reported Wednesday that Standard and Poor's (S&P) is considering lowering Delta Air Lines' debt rating, saying it is likely that the airline will be forced to file bankruptcy. The carrier said Monday in a filing with the Securities and Exchange Commission that its cash reserves would "decline substantially" this year, even if it sells regional subsidiary Atlantic Southeast Airlines to SkyWest.  "The airline's already slim chances of avoiding bankruptcy are dwindling rapidly," S&P airline analyst Philip Baggaley said.  The S&P 500-stock index will drop DL at the close of trading Thursday, because its market capitalization has plummeted in recent months. Delta also will be dropped from the S&P 100 index. 

Creditors who owned debt on 14 of United Airlines planes say the airline owed them an additional $65 million and sold the debt to another entity. The bankrupt airline planned to buy and refinance $293 million in debt on the planes. The airline is asking a bankruptcy court to void the sale. The situation could present a setback to United as it attempts to exit bankruptcy early next year. 

Travelers are flooding agents with calls about what to do if Northwest Airlines' mechanics go on strike as planned this weekend, the Detroit News reports. Many agents say they expect to work through the weekend to ensure clients get to their destinations. Northwest says flights will not be affected in the event of a strike, but many travelers are taking precautions anyway. President George W. Bush will not help Northwest Airlines avert a possible strike by mechanics, the White House said. The president has the authority to appoint a special board that would put a strike or a lockout by the company on hold. Northwest Airlines made what it called its "last and best" offer to its mechanics union Thursday. The workers may legally strike Saturday morning if the two sides have not reached an agreement. Northwest said it has hired replacement workers and plans to fly through the possible strike. Negotiations will continue today, the company and union said. The airline is seeking $176 million in annual cuts from the mechanics. 

Texas lawmakers believe it may take years to resolve the fight over the Wright Amendment. The law limits flying out of Dallas Love Field, where Southwest Airlines operates a large hub. Southwest wants the law repealed, but American Airlines and Dallas/Fort Worth International Airport believe it should remain in place.