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34

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