Continental and United to Combine

From NEWSMAX / AP:

Directors at Continental and United airlines have approved a deal that would combine them into the world’s largest airline, a source with knowledge of the situation said on Sunday…

The Sunday board actions were described by a person with knowledge of the votes, who declined to be identified because the companies plan an announcement on Monday.

Combining Continental and United would leave the U.S. with three big international airlines — the new United, Delta, and American. US Airways Group Inc. also flies internationally, but its 2009 international traffic was less than one-third the size of American’s…

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