(Crain’s) — As home of the world’s largest airline, Chicago would be a huge winner in the proposed merger of United Airlines and Continental Airlines. Keeping the headquarters of the new carrier in downtown Chicago would minimize any reduction in the state’s 13,600 United and Continental employees. Read More…
(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 […]
(Crain’s) United Airlines and Continental Airlines are close to a deal that would create the world’s largest airline, based in Chicago with Continental’s Jeff Smisek as CEO and United boss Glenn Tilton as chairman, according to media reports late Thursday. The airlines contemplate a stock-for-stock merger creating a company with combined market value of more […]