Continental, United ready if dominoes fall
If the Delta-Northwest deal is approved, Continental and United could be the next to tie the knot. According to a Reuters report, the announced Delta-Northwest merger would void a “golden share” that Northwest holds with Continental. The “golden share” effectively gives Northwest veto power over any Continental transaction. Pilots unions at United and Continental have also held merger-related discussions, which could lead to a smoother merger. Continental Chief Executive Larry Kellner said on a conference call in January: “We like our position as the industry stands today but I suspect if you look forward, things will change. If we see something or hear something, we won’t hesitate to act aggressively,”
You may also be interested in these articles
Comments
Please share your thoughts...