Word of the Day

Exchange-Traded Fund

In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.

Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will rise and fall in value pretty much the same amount as the Dow or S&P.

You can also buy ETFs that invest in other types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few years, so there is no shortage of ETFs to invest in.

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Friday, July 25, 2008

Photo Release -- Delta TechOps Signs Engine Maintenance Agreement With Alaska Airlines

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ATLANTA, Jul 25, 2008 (PrimeNewswire via COMTEX) ----Delta Air Lines' (NYSE:DAL) maintenance division -- Delta TechOps -- has inked a seven-year contract with Alaska Airlines to provide exclusive engine overhaul and repair services for the CFM56-7 engines that power Alaska's fleet of Boeing 737-700 and 737-900 aircraft. The deal, worth more than $200 million, leverages Delta's unique partnership with Chromalloy Gas Turbine Corporation to provide Alaska with a comprehensive engine maintenance solution with industry leading quality and economics.

A photo accompanying this release is available at http://www.primenewswire.com/newsroom/prs/?pkgid=5282

"We are very pleased to enter into this agreement with Delta TechOps, and look forward to the operational and financial benefits it will bring over the coming years," said Glenn Johnson, executive vice president Airports, Maintenance and Engineering for Alaska Airlines. "Delta TechOps will bring outstanding technical expertise, as well as a very engaged team to provide this important element of our engine maintenance strategy."

The agreement marks the first maintenance contract between Delta TechOps and Alaska Airlines, and adds to the impressive growth of Delta TechOps' engine maintenance business. In 2008, Delta TechOps will overhaul more than 300 engines for its external maintenance repair and overhaul (MRO) customers. Delta TechOps is a leader in operational experience with the CFM56 engine and is one of the largest CFM56 MRO providers.

"Alaska's selection of Delta TechOps is a tremendous vote of confidence in our people and we are truly honored to partner with them to provide a quality engine maintenance program," said Tony Charaf, president - Delta TechOps. "We continue to grow our MRO business thanks to our professional, highly skilled and flexible employees, as well as our capacity and comprehensive product offerings."

Delta TechOps is the largest airline MRO in North America, earning $377 million in revenue in 2007. In addition to providing maintenance and engineering support for Delta's fleet of more than 450 aircraft, Delta TechOps serves more than 125 aviation and airline customers from around the world, specializing in high-skill work like engines, components, hangar and line maintenance. Delta TechOps employs more than 6,500 maintenance professionals and is one of the most experienced MRO providers in the world with more than seven decades of aviation expertise.

Alaska Airlines and sister carrier Horizon Air together serve 95 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico. For reservations, visit alaskaair.com. For more news and information, visit the Alaska Airlines/Horizon Air Newsroom at alaskaair.com/newsroom.

The Delta Air Lines, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1825

(Photo: http://www.primezone.com/newsroom/prs/?pkgid=5282)

The photo is also available via AP PhotoExpress.

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: Delta Air Lines, Inc.

Delta Air Lines
   Corporate Communications 404-715-2554

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