US Senate committee to examine United/Continental merger

May 24 (BestGrowthStock) – A U.S. Senate subcommittee is set to
examine the proposed airline deal between United Airlines and
Continental Airlines (CAL.N: ) on Thursday that will study the
implications for airline consumers.

United is a unit of UAL Corp (UAUA.O: ).

The Subcommittee on Antitrust, Competition Policy and
Consumer Rights will examine the proposed airline merger
between United and Continental on May 27, according to a Senate

Also on Thursday, the Senate committee on Commerce, Science
and Transportation will examine the financial state of the
airline industry and the implications of consolidation.

On May 3, United Airlines, a unit of UAL Corp, said it will
buy Continental for about $3.17 billion in an all-stock deal
that will form the world’s largest carrier. [ID:nN02143069]

Antitrust experts believe the Justice Department will clear
the deal since there is little overlap of common routes and no
shared hubs. Antitrust enforcers, experts said, could require
some divestiture to enhance competition. [ID:nN13166898]

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(Reporting by Sakthi Prasad in Bangalore; Editing by Anshuman

US Senate committee to examine United/Continental merger