CONTINENTAL AND UNITED MERGE TO MAKE WORLD’S LARGEST AIRLINE

Two U.S. legacy carriers plan to merge forming the world’s largest airline. United will buy Continental through an all stock deal and combine the Continental logo and colors with the United name. It will begin servicing about 144 million passengers through coordinated international route networks. The new carrier will emerge with much needed cash reserves and the potential to save over $1 billion in annual operating costs.(Travelweekly.com, May 3)

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