It Is Official: United and Continental Merger Approved by the Department of Justice
The United States Department of Justice has officially approved the merger of Continental Airlines and United Airlines, which is expected to be completed October 1, 2010 pending approval to be voted by shareholders on September 17. This merger is expected to unseat Delta Air Lines as the world’s largest airline.
Continental Airlines conceded to agree to lease 18 pairs of takeoff and landing slots to Southwest Airlines at Newark Liberty International Airport in order to resolve concerns about competition and anti-trust issues.
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