United, Continental merger given green light

9/1/2010 10:25:35 AM

USA carriers United Airlines and Continental Airlines have been given the okay to proceed with their merger.   They now need only shareholder approval for their US$3 billion all-stock merger to proceed.   To win Justice Department backing, the companies gave up rights for 18 daily round-trip flights at Newark airport in New Jersey to Southwest Airlines.     Aircargo Asia Pacific

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