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- Jul 17, 2004
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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.
http://dealbook.blogs.nyt...old-merger-talks/?emc=na
I am wondering whether CO wants a bit of the action even if to just spoil the party; I am sure CO wouldn't mind a piece of DEN and LAX.
In its current form this is NOT going to go ahead, bad and awful together.
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.
http://dealbook.blogs.nyt...old-merger-talks/?emc=na
I am wondering whether CO wants a bit of the action even if to just spoil the party; I am sure CO wouldn't mind a piece of DEN and LAX.
In its current form this is NOT going to go ahead, bad and awful together.
