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16

Continental Airlines, UAL Merge Limited To Negotiations

The board of Continental Airlines has made an unanimous decision not merge with another airline at this time

The board of Continental Airlines has made an unanimous decision not merge with another airline at this time.

As U.S. media reported, Continental is expected to press ahead with preliminary talks to create a three-way alliance — short of a full merger — with American Airlines and British Airways.

Apparently, Continental’s move was a stunning development for UAL, which had been negotiating in expectation of reaching a deal by late this week.

However, the company will still stick to a merge as United Airlines Chief Executive Glenn Tilton said the company's strategy was consistent.

According to a Reuters report, earlier this month UAL was also in serious merger talks with U.S. Airways.