AP sources: United, Continental closer to deal - Spokane, North Idaho News & Weather KHQ.com

AP sources: United, Continental closer to deal

DALLAS (AP) - People familiar with the situation tell The Associated Press that United Airlines and Continental Airlines are moving closer to announcing as early as Monday that they will combine to form the world's largest carrier by passenger traffic.

They say Continental's board plans to meet Friday and Sunday to consider a deal. One person briefed on the talks says United and Continental executives have agreed that the combined company would be called United, based in United's hometown of Chicago, and run by Continental CEO Jeff Smisek. Directors for both companies would need to approve all those decisions. The companies are declining to comment.

 

(Copyright 2010 by The Associated Press. All Rights Reserved.)

 

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