Categorized | Airlines

Merger cleared…

Posted on 06 September 2010

The Justice Department said late Friday that it had cleared the planned $3 billion merger between United Airlines and Continental, lifting the biggest regulatory hurdle to the creation of the world’s top airline. UAL and Continental, which announced the merger in May, said they now expect to complete it by Oct. 1 after a shareholder vote on Sept. 17. If the deal is completed, one entity, called United Continental Holding Inc., would operate the two companies as separate airlines for one year until the FAA issues a single operating certificate.

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