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202

EU authorities have approved the merge between the US giant Continental and United Airlines

UAL Corp.'s United Airlines and Continental Airlines Inc. won European Union antitrust approval for their all-stock merger.

 

 

UAL Corp.'s United Airlines and Continental Airlines Inc. won European Union antitrust approval for their all-stock merger. The transaction won't harm competition in the 27-nation EU, the European Commission said in an e-mailed statement today. 

 

The new company would surpass Delta as the world's biggest airline and mesh United's Pacific routes with Continental's service in Latin America and over the Atlantic. 

Source : Bloomberg