Posts Tagged ‘ merger ’

Seems UAL and CAL Merger Has Hit a Snag with Pilots

June 25, 2010
By
united-pilot-hat

So far, no specifics about the exact cause of the wrinkle. Seems both pilot groups are anxious for the ‘news’ to hit the fan. Here’s the initial release from PR newswire. Continental, United Pilots Encounter Roadblock to Merger Pre-contract talks with management stall at the table CHICAGO and HOUSTON, June 25 /PRNewswire-USNewswire/ — The pilots of United and Continental, represented by the Air Line Pilots Association, Int’l (ALPA) say they have run into a roadblock while negotiating a transition agreement with the management...

Read more »

Travel Weekly Says “United-Continental merger could be a tough sell in Washington”

May 11, 2010
By
smisekandtilton

By: Michael Fabey A successful merger between United and Continental makes more airline consolidation likely — and in some cases, necessary, most industry analysts agree. Which is exactly why the industry is casting nervous glances in the direction of the nation’s capital as they try to divine what regulatory bumps and legislative hurdles lie in the path of the United-Continental merger. While it might be hard to argue the logic of the merger from the viewpoint of investors, Obama...

Read more »

Houston Speaks Up: If Airlines Merge, Houston Best Site for Headquarters

April 29, 2010
By
Houston or BUST!

By Patrick Oxford, chairman of the Greater Houston Partnership Houston Chronicle 04/28/10 Houston is a city of opportunity. We possess a can-do spirit that drives our civic, business and community leadership on big and small initiatives alike. Give us the opportunity to compete, and we will prevail on the merits of our great assets that clearly differentiate us as a city of choice. Since merger discussions between Continental and United rekindled last week, rumors have been rampant about Chicago...

Read more »

Chicago Tribune: Continental Board to Consider Merger With United

April 28, 2010
By
CAL Board meeting Wednesday to discuss merge

Julie Johnsson, Tribune Reporter 09:57pm 04/27/10 Continental Airlines’ board of directors is meeting Wednesday to review a potential merger with United Airlines, and the carriers are expected to decide within a matter of days whether to combine operations, say people close to the situation. As in 2008, when the carriers came close to completing a deal, United’s quarterly financial results may sway the deliberations, observers said. Spokeswomen for United and Continental declined to comment on any aspect of the...

Read more »

UAL, Continental Weigh No-Premium Stock Merger

April 22, 2010
By
Continental United

Bloomberg, 04/22/10 UAL Corp.’s United Airlines and Continental Airlines Inc. are considering a stock-for-stock merger with no market premium, said two people with knowledge of the talks, creating a company valued at more than $6 billion. UAL Chief Executive Officer Glenn Tilton, 62, would become chairman while Continental CEO Jeff Smisek, 55, would become CEO, said the people, who asked not to be identified because the details are private. The terms aren’t final and a deal may be more...

Read more »

Easy AdSense by Unreal