AIRLINES

Northwest Arranges Financing: Northwest Airlines has arranged $260 million in loans under an agreement that may prompt the ouster of its co-chairmen, a trade journal reported. The loan terms would force Northwest to be restructured to include new equity and a merger by June 30, according to Commercial Aviation Report. Co-chairmen Al Checchi and Gary Wilson would be expected to leave the company after any infusion of new equity, the trade journal reported. Northwest said the report was speculation and the company would not comment on it.