Merger goes ahead

CONTINENTAL AIRLINES and UNITED AIRLINES have received unconditional clearance from the European Commission on the airlines’ proposed merger.  “Approval from the European Commission is another important step toward completing our merger with United,” said Jeff Smisek, Continental’s Chairman, President and CEO.  He will hold the same position with the amalgamated airlines.  “The combination of United and Continental brings together the two most complementary networks of any US carriers, with minimal domestic and no international route overlaps.  Together we will offer customers unparalleled global access".  The companies announced their plans for an all-stock merger of equals in May and expect the transaction to close in the fourth quarter of 2010. www.continental.com www.united.com

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