Merger Creates World’s Largest Airline
(Chicago Sun Times) — United and Continental Airlines said on Monday they’re forming the world’s largest airline in a deal worth about $3 billion. The airline will be run by current Continental CEO Jeffery Smisek. United CEO Glenn Tilton, a longtime advocate of consolidation in the airline industry, will be chairman for up to two years, with Smisek taking over as chairman after that.
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