Monday, September 20, 2010

Shareholders approve United-Continental merger

Shareholders in Continental and United Airlines have voted to approve a proposed merger between the rivals – creating the largest airline in the world.

The all-stock merger was announced on May 3, 2010, and has already cleared U.S. Department of Justice and the European Commission.

The new combined airline will be called "United" and will be based in Chicago. Jeff Smisek, the Continental CEO will run the combined carrier.

The merger will close by October 1, 2010 and it will take several months to combine and integrate the airlines operations.

www.premieretravel.com

No comments:

Post a Comment