United, Continental close to deal

This time, it looks real. WSJ reports that a merger is expected to be announced Monday. The combined airlines would top Delta as the world's largest carrier based on passengers carried. These two have been at the alter quite a few times - talks broke off in 2008, and just a few days ago negotiations seemed at an impasse over the way the deal would be priced. But that's been resolved, says the Journal. At LAX, Continental is in Terminal 6 and United is in Terminal 7.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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