United Airlines looks for new merge partner

Jordan News.Net
Monday 5th May, 2008

United Airlines is looking at a possible merger with US Airways after its advances to Continental were rejected.

The Wall Street Journal has reported talks have been ongoing for six weeks and a decision could be taken in the next ten days.

UAL and its smaller rival, US Airways, have reportedly identified 1.5 billion dollars in cost savings and revenue enhancements that could arise from a merger.

While regulatory and labour issues could cause merger problems, United and US Airways together would become the world's largest airline, slightly bigger than the new Delta-Northwest group.

Email this story to a friend

Have your say on this story

Top Stories

Obama makes pledge to Israel
In Israel, as part of his Middle East/European tour, Barack Obama has hailed Israel as a miracle. [read story]
US House passes home legislation
The US House has pushed through legislation which is designed to help 400,000 distressed homeowners avoid foreclosure. [read story]
US/North Korea talks described as good
The US and North Korea have held their highest level meeting in four years over the dismantling of Pyongyang's nuclear program. [read story]
Execution location found for Indonesian terrorists
A site for the execution of three Indonesian men, convicted over the 2002 Bali bombings, has been surveyed by prison officials. [read story]
Scotland Yard foils 13 terrorist groups
The BBC has revealed that Scotland Yard has disrupted 13 terrorist networks in London in the last financial year. [read story]

RSS Feed