The New York Times
Wed, April 07, 2010 -- 5:08 PM ET
-----
US Airways Said to Be in Talks to Buy United
The UAL Corporation, the parent of United Airlines, and US
Airways are in talks to merge, in a potential deal that would
create one of the world's largest airlines, people briefed on
the matter said on Wednesday.
The negotiations mark the latest efforts to consolidate the
struggling airline industry. Both companies have been vocal
in calling for greater consolidation within the industry to
help prop up falling revenues, with United's chief executive,
Glenn F. Tilton, among the leading proponents for more
mergers.
United and US Airways are deep in their merger discussions,
though a transaction is not expected to be announced for at
least several weeks, these people said, cautioning that talks
may still collapse. One potential hurdle could be union
opposition.
Read More:
http://dealbook.blogs.nytimes.com/2010/04/07/united-and-us-airways-hold-merger-talks/?emc=na
-----
Now get New York Times breaking news alerts sent to your mobile phone.
Sign up by texting NEWSALERTS to 698698 (NYTNYT).
-----
About This E-Mail
You received this message because you are signed up to receive breaking news
alerts from NYTimes.com.
To unsubscribe, change your e-mail address or to sign up for daily headlines
or other newsletters, go to:
http://www.nytimes.com/email
NYTimes.com
620 Eighth Ave.
New York, NY 10018
Copyright 2010 The New York Times Company
No comments:
Post a Comment