Continental and United Said to Be Closer to a Merger

mpenguin1 · April 26th, 2008, 12:23

Good gawd, we are going to see a new section to cover mergers if this keeps up.

http://www.nytimes.com/2008/04/26/bu...nt&oref=slogin

Continental and United Said to Be Closer to a Merger

April 26, 2008
Continental and United Said to Be Closer to a Merger

United Airlines and Continental Airlines are getting closer to a merger agreement and would like to wrap up a deal by the end of next week, people with direct knowledge of the discussions said Friday.

The negotiations, which have been under way for months, accelerated after Delta Air Lines and Northwest Airlines announced a $3 billion deal on April 14 that would create the nation’s biggest air carrier.

The talks between United and Continental are in an advanced stage but are not yet complete, the people who had been briefed on them said. They requested anonymity because the talks were private.

mrmeschi · April 26th, 2008, 12:35

Its merger mania! Who knows where we will all end up after the dust settles....

Chris_Ford · April 26th, 2008, 13:10

Chris Ford said this yesterday

meyers9163 · April 26th, 2008, 13:13

Quote:

Originally Posted by mrmeschi

Its merger mania! Who knows where we will all end up after the dust settles....

Awesome.... CAL/UAL and then Airways/AA..... fantastic!

SmitteyB · April 26th, 2008, 18:57

Could US Airways merge with a worse fit than American?

meyers9163 · April 26th, 2008, 20:14

Quote:

Originally Posted by SmitteyB

Could US Airways merge with a worse fit than American?

Yeah that'd be tough... who knows what would happen... Especially since AA still has what over 2000 guys on furlough? That'd be interesting to see what would happen..... Heck even at the regional level it'd be interesting to see what would happen..... with AA having AE and Airways having PDT/PSA.....