UAL, Continental to form world's largest airline: "Chicago: UAL Corp, parent of United Airlines, will buy Continental Airlines Inc for USD 3.2 billion, in a deal that forms the world's largest airline, the two carriers said Monday.
The two airlines will merge in an all-stock deal to form an airline that carries the United Airlines brand. The merged airline will be based in Chicago.
Continental chief executive Jeff Smisek will run the combined airline with over USD 29 billion in annual revenue."
Monday, May 3, 2010
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