• More reports on:
  • M&A

Continental, United merger by weekend: report

29 Apr 2010

1

America's two major airlines, Continental Airlines and United Airlines (UAL) are making steady progress in their merger talks after United's failed talks with US Airways Group Inc, say media reports.

Last week, US Airways Group Inc said it was no longer in talks with UAL for a possible merger.

The talks, which earlier this week were reportedly bogged down over price issues related to an all-stock transaction, is gaining momentum and a deal can be expected as soon as this weekend.

The merger of UAL and Continental would result in an airline larger than Delta Air Lines Inc, which has occupied the top slot ever since it bought Northwest two years ago.

Additional Continental board meetings were scheduled for Friday and Sunday, reported the Houston Chronicle daily.

Analysts say both the airlines are keen on the deal. However, neither airline has publicly confirmed the merger talks.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more