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RedHot25 · 05-03-2010, 07:05 AM

http://www.cbc.ca/money/story/2010/0...al-merger.html

World's largest airline will have revenue of about $29B

United and Continental Airlines are forming the world's largest airline in a deal worth about $3 billion US, the companies announced Monday.

The new airline will exceed Delta Air Lines in size and have flights reaching from Shanghai to South America. The United name will live on, although the planes will have the Continental colours and logo.

The airline will be run by current Continental CEO Jeffery Smisek. United CEO Glenn Tilton, a longtime advocate of consolidation in the airline industry, will be chairman for up to two years while Smisek prepares to take over as chairman after that.

05-03-2010, 07:05 AM	#1
RedHot25 Franchise Player Join Date: Dec 2003 Location: Probably stuck driving someone somewhere Exp:	United, Continental to merge http://www.cbc.ca/money/story/2010/0...al-merger.html *World's largest airline will have revenue of about $29B* United and Continental Airlines are forming the world's largest airline in a deal worth about $3 billion US, the companies announced Monday. The new airline will exceed Delta Air Lines in size and have flights reaching from Shanghai to South America. The United name will live on, although the planes will have the Continental colours and logo. The airline will be run by current Continental CEO Jeffery Smisek. United CEO Glenn Tilton, a longtime advocate of consolidation in the airline industry, will be chairman for up to two years while Smisek prepares to take over as chairman after that.