2nd Air Deal Near Takeoff? ; Continental-United Merger Speculation Accelerates
The Record, Bergen County, NJ › April 26, 2008
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Summary
Hours after the deal that would create the nation's biggest airline, executives at Continental Airlines Inc. and UAL Corp.'s United Airlines were sending signals that they are about to create a bigger one.
Continental Chief Executive Officer Larry Kellner said Tuesday that the biggest carrier at Newark Liberty International Airport "will review strategic alternatives" in light of the Delta Air Lines- Northwest Airlines deal announced Monday night. Although Kellner did not mention United by name, industry observers say the statement addressed to Continental employees and sent to the media is a sign that an announcement of a merger with Chicago-based United is likely soon.See the full content of this document
Extract
2nd Air Deal Near Takeoff? ; Continental-United Merger Speculation Accelerates
"It's just a matter of when," said Kevin Maguire, president of the National Business Travel Association.
Former Continental CEO Gordon Bethune told Bloomberg News on Tuesday that the two carriers "probably need about two weeks to dot every I and cross the T'...See the full content of this document
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