United Air Lines and Continental Airlines formally closed their so-called merger of equals today, as United Continental Holdings–the former UAL Corporation–announced that both now operate as wholly owned subsidiaries of the new entity. The common stock of United Continental Holdings began trading today on the New York Stock Exchange under the symbol UAL.
Pilot leaders from Continental and United Airlines have proposed abolishing so-called regional jet outsourcing during contract negotiations in Denver. The Air Line Pilots Association, which represents the pilots of both Continental and United, wants any new contract at the would-be merged airline to contain language calling for a kind of phased approach to eventually dismantling the system that relies so heavily on regional affiliates.
If you’re a stickler for the truth, the DOT Future of Aviation Advisory Committee (FAAC) meeting that the FAA hosted in late August may have been more about what was missing than what actually took place.
UAL Corp.'s United Airlines and Continental Airlines expect their proposed merger to close by October 1, now that companies have cleared the last major hurdle in their bid to create the world's largest airline. On Friday shareholders from both companies approved the transaction by a wide margin, as more than 98 percent of the votes cast by each group went in favor of the merger.
Major airline pilots have long complained about the practice of “outsourcing” flying to lower-cost regional carriers, despite the existence of clauses written into union contracts meant to limit the size and number of regional airplanes those affiliates may fly.
The U.S. Department of Justice has approved the merger of United and Continental Airlines, the carriers announced on Friday. UAL and CAL expect to close the transaction by October 1, assuming their respective stockholders vote to clear the deal next month.
With the advent of the 787 Dreamliner, touted as a “flying WiFi hotspot” chock full of useful data that will be passed along to airline maintenance and engineering departments, Boeing has an opportunity to revamp the way airliners are maintained. What if an airline could transfer its huge maintenance and engineering burden to Boeing and focus on its primary function of moving people around?
Air Ranking International, a Geneva-based consultancy firm, has just released its inaugural safety ranking of commercial airlines.
An analysis of the competitive effects of the proposed merger of Continental and United Airlines by the U.S. Government Accountability Office (GAO) shows that combining the airlines would eliminate one effective competitor (defined as providing at least 5 percent of traffic between airports) in 1,135 city pairs, affecting almost 35 million passengers.
It appears United Airlines' public flirtation with US Airways might have generated the desired effect, as Continental Airlines has finally agreed to merge with UAL two years after Continental spurned United's last proposal to wed. The $3.2 billion merger would result in the biggest airline in the world and leave the U.S. with three major international carriers: the new United, Delta and American Airlines.