United, Continental agree to form world’s largest airline

Continental Airlines and United Airlines have announced an agreement to merge, in a move that will see the creation of the world’s largest airline group.

  04/05/2010 22:30

The allstockmerger brings together United, the world’s third largest airline by scheduled passengers fl own, and Continental, the ninth largest, to create a combined company fl ying more than 144 million passengers per year to 370 destinations in 59 countries. The holding company for the new entity will be named ‘United Continental Holdings Inc’ and the name of the airline will be United Airlines.The marketing brand will be a combination of the brands of both companies. Aircraft will have the Continental livery, logo and colours with the United name, and the joint campaign slogan will be ‘Let’s Fly Together’. The new company’s corporate and operational headquarters will be in Chicago but it will maintain a signifi cant presence in Houston, which will be the combined company’s largest hub. Glenn Tilton, Chairman, President & CEO of UAL Corp, said: “Building on our Star Alliance partnership, we are creating a stronger, more effi cient airline, both operationally and fi nancially, better positioned to succeed in a dynamic and highly competitive global aviation industry. This combination will provide a strong platform for sustainable, long-term value for shareholders, opportunities for employees, and more and better scheduled service and destinations for customers. ”The new company would have annual revenues of approximately US$29 billion based on 2009 results, and a cash balance of approximately US$7.4 billion as of the end of first quarter 2010.




Vietravel proud to bring Vietnam tourism to the world

With the title of “World’s Leading Group Tour Operator 2017”, Vietravel has become the first Vietnam ...

  11/12/2017 13:00

Vietravel to receive the TTG Travel Awards for the sixth time

In the evening of September 28, 2017, at the Centara Grand Hotel (Bangkok, Thailand), Vietravel Comp ...

  03/10/2017 14:00

Vietravel to support the opening ceremony of walking street of Hue City

Known as the leading travel company in Vietnam, always associated with the development of locality, ...

  30/09/2017 17:00

Vietravel to provide services for World Scholar's Cup 2017

From June 25 to July 1, 2017, the World Scholar's Cup will be held in Hanoi, Vietnam for high school ...

  27/06/2017 08:00

Vietravel to honorably take over the transportation service for the 2017 APEC summit

Based on the direction of Deputy Prime Minister Pham Binh Minh, Chairman of APEC National Committee ...

  03/04/2017 14:00

Vietravel organizes Vietnamese Famtrip for delegations from Iran

Vietravel is honored as an organizational unit and is the main sponsor for Famtrip tourism delegatio ...

  27/05/2016 08:00