The next layer of appointments for the post-merger United has been released, and there are few surprises. The holding company for the new entity will be named United Continental Holdings, Inc. and the name of the airline will be United Airlines. Found inside Page 207Meanwhile, United Continental, the result of another 2010 merger, Southwest Airlines, which posted third-quarter net income of $16 million, announced Found inside Page 17636 while still considering item tion of the Eastern / National merger la at a INFORMATION : no earlier announcement of these adquest for comments . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, http://www.newscom.com/cgi-bin/prnh/20100503/NY97358-a, http://www.newscom.com/cgi-bin/prnh/20100503/NY97358-b, http://www.newscom.com/cgi-bin/prnh/20100503/NY97358LOGO-c. The combined company will have 10 hubs, including hubs in the four largest cities in the United States, and will provide enhanced service to underserved small- and medium-sized communities. Together, we will have the financial strength necessary to make critical investments to continue to improve our products and services and to achieve and sustain profitability. Note to Editors: Today's news release, along with other news about United and Continental, is available on the Internet at www.united.com and www.continental.com, as well as www.unitedcontinentalmerger.com. Found inside Page 92THE PROPOSED UNITED - CONTINENTAL MERGER : POTENTIAL EFFECTS FOR CONSUMERS AND THE The merger announcement came approximately two years after Delta and UAL will file with the Securities and Exchange Commission ("SEC") a registration statement on Form S-4 that will include a joint proxy statement of Continental and UAL that also constitutes a prospectus of UAL. Found inside Page 18Recently , attention has turned back to the domestic scene , with the announcement of a proposed acquisition by United of US Airways and speculation about These forward-looking statements include, without limitation, Continental's and UAL's expectations with respect to the synergies, costs and other anticipated financial impacts of the proposed transaction; future financial and operating results of the combined company; the combined company's plans, objectives, expectations and intentions with respect to future operations and services; approval of the proposed transaction by stockholders and by governmental regulatory authorities; the satisfaction of the closing conditions to the proposed transaction; and the timing of the completion of the proposed transaction. DOT (flights arriving within 14 minutes of scheduled arrival time) between January 1 and March 31, 2010, when compared to such U.S. global carriers, which includes Delta (including its Northwest subsidiary), American, Continental and US Airways. The United States Department of Justice (DOJ) reviews the proposed United/Continental merger. Examples of such risks and uncertainties include, but are not limited to, (1) the possibility that the proposed transaction is delayed or does not close, including due to the failure to receive required stockholder or regulatory approvals, the taking of governmental action (including the passage of legislation) to block the transaction, or the failure of other closing conditions, and (2) the possibility that the expected synergies will not be realized, or will not be realized within the expected time period, because of, among other things, significant volatility in the cost of aircraft fuel, the high leverage and other significant capital commitments of Continental and UAL, the ability to obtain financing and to refinance the combined company's debt, the ability of Continental and UAL to maintain and utilize their respective net operating losses, the impact of labor relations, global economic conditions, fluctuations in exchange rates, competitive actions taken by other airlines, terrorist attacks, natural disasters, difficulties in integrating the two airlines, the willingness of customers to travel by air, actions taken or conditions imposed by the U.S. and foreign governments or other regulatory matters, excessive taxation, further industry consolidation and changes in airlines alliances, the availability and cost of insurance and public health threats. Under the AFA-CWA merger policy, we will not provide the combined seniority list to management until they have negotiated a new, improved Contract for the unified Flight Attendant group. This timeline includes the steps that would lead to an integrated Flight Attendant operation. *Based on United's forward-looking flight schedule for January 2010 to December 2010. But the Continental CEO will run the combined carrier. He will also become executive chairman of the Board upon Tilton's ceasing to be non-executive chairman. Update September 17: Shareholders Approve Merger >. As we move through the merger process this timeline will be updated with dates and additional information. The title of world's largest airline might be soon be changing hands. Although this concludes the financial transaction, executives have predicted the operational integration will be concludedby 2013. The merger requires approval by the DOJ to move forward. Continental is a member of Star Alliance, which overall offers 19,700 daily flights to 1,077 airports in 175 countries through its 26 member airlines. The combined airline will have the most modern, fuel-efficient fleet (adjusted for cabin mix) and the best new aircraft order book among major U.S. network carriers. United Airlines, a wholly-owned subsidiary of UAL Corporation (Nasdaq: UAUA), operates approximately 3,400* flights a day on United and United Express to more than 230 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. With key global air rights in the Asia-Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States. Found inside Page 33 previously - announced proposal to acquire United Continental Development a condition to the merger of the N & W and the Chesapeake & Ohio Railway . This move addresses certain anti-trust concerns. Found inside Page 231However , we must recognize this announcement will lead to additional merger attempts . Continental Airlines , United Airlines , American Airlines and US there was a 100 percent chance of a United merger, if not with Continental Employees will benefit from improved long-term career opportunities and enhanced job stability by being part of a larger, financially stronger and more geographically diverse carrier that is better able to compete successfully in the global marketplace. INVESTORS AND SECURITY HOLDERS OF CONTINENTAL ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Found inside Page 123THE PROPOSED UNITED - CONTINENTAL MERGER : POTENTIAL EFFECTS FOR CONSUMERS AND THE The merger announcement came approximately two years after Delta and United shareholders would own approximately 55% of the equity of the combined company and Continental shareholders would own approximately 45%, including in-the-money convertible securities on an as-converted basis. Found inside Page 2Will a combined United / Continental be a stronger competitor to the previously We need to be sure that the announcement that we have all heard flight Mergers are complex transactions with various steps to complete prior to an operational integration. The merger of United and Continental airlines has catapulted the company to the No. With AFA as the representative, all democratic negotiations processes apply to single Contract negotiations. Found insideThe Delta Airlines/Northwest Airlines merger In 2008, Delta Airlines and Northwest The United Airlines/Continental merger United Airlines wasfounded as 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. AFA administers both pre-merger Contracts separately for each group, with Flight Attendant representatives from each pre-merger airline, until a single Contract is negotiated. Chris Langdon logged 728,608 miles with Continental and, after its 2010 merger, United Airlines before growing so disenchanted a year ago that he This is a combination of companies that creates future opportunity. Found inside Page xviiiThe merger announcement comes at a strategically significant time for Continental and United pilots and flight attendants , all of whom are presently in As we move through the phases of bringing United, Continental and Continental Micronesia Airlines together we have confronted many obstacles and opportunities together. SCHAPER: Aaron Gellman, professor of management in transportation at Northwestern University says the continued consolidation of U.S. airlines into bigger and bigger behemoths should certainly give federal anti-trust regulators reason to thoroughly review, if not question, the United-Continental merger. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of Continental and UAL and are difficult to predict. The extensive tech problems of the United-Continental merger were also avoidable. This includes Flight Attendant Negotiating Committee representatives from each pre-merger airline and a thorough survey and feedback process from the combined work group to determine our collective goals for improvements in a new single Contract. Visit our website terms of use and permissions pages at www.npr.org for further information. It is after this point that AFA-CWA will file an application for a Union representation election that will now include the combined United/Continental Flight Attendant workforce. ", Smisek said, "This combination brings together the best of both organizations and cultures to create a world-class airline with tremendous and enduring strengths. Cision Distribution 888-776-0942 23 : DF 4160 (H), Trouble number for 5/3/2010 = 212-812-7149. 1 in on-time performance for domestic scheduled flights for 2009 among America's five largest global carriers, as measured by the Department of Transportation and published in the Air Travel Consumer Report for 2009(1). Management will not be able to integrate Flight Attendant operations until these negotiations conclude and AFA provides them with the new seniority list. It will become far, far worse if this merger is allowed. And if approved by shareholders and regulators, the new combined airline would surpass Delta as the world's largest in terms of the number of passengers carried. Certain law suits, objections by members of Congress and other roadblocks may slow or halt the process for concluding the merger transaction. Our customers, we're providing an unparalleled global network on a single carrier. Merger talks between United and Continental have resulted in a merger announcement. Found inside Page 7A Special Report Together with Dissenting Views United States. Nevertheless , when the Burmah - Signal merger announcement was finally made , there was Found inside Page 28Using the October 23 announcement date for a reference , the transaction would The merger would vault Continental over United Telecom into the second More information on the AFA-CWA Merger Policy may be found in the Airline Merger section of www.unitedafa.org. In fact, United reached a tentative agreement to merge with Continental two years ago, but Continental backed out because United was in much weaker financial shape then. The disclosure is a result of a settlement with a number of Continental shareholders who sued the airline for breach of fiduciary duty, believing the price to be paid for their shares was too low. Update September 28 - Judge won't halt United-Continental merger. The combined company's management team is expected to include an equitable and balanced selection of executives from each company with the intention that each company will contribute roughly equal numbers. So, what can airline passengers expect? Copies of the documents filed with the SEC by Continental will be available free of charge on Continental's website at www.continental.com under the tab "About Continental" and then under the tab "Investor Relations" or by contacting Continental's Investor Relations Department at (713) 324-5152. SCHAPER: For international travelers, that appears to be true. All rights reserved. Once those negotiations conclude with a Tentative Agreement, the combined Flight Attendant AFA Members will vote on ratification of the new single Contract. Jones Day, Vinson & Elkins LLP, and Freshfields Bruckhaus Deringer LLP acted as legal advisors to Continental, and Cravath, Swaine & Moore LLP acted as legal advisor to United. United will also submit a plan to the Federal Aviation Administration (FAA) for approval of a Single Operating Certificate. SCHAPER: Airline officials say they don't plan to eliminate a lot of jobs because of the merger, though some redundant positions will be cut from both Continental's headquarters in Houston and United's home offices in Chicago, where the combined airline will reside. When a majority of Flight Attendants make the decision to vote for AFA, which only represents Flight Attendants, our Union wins the election and becomes the certified bargaining representative for the new United Flight Attendants. UAL and Continental came close to a deal in 2008, but skyrocketing oil raised concerns over United's financial health, and Continental walked away. United has used the last two years to trim capacity and other costs to make it a stronger partner while flirting with other possible merger mates, including U.S. Airways. Continental Abandons Merger Talks With United By Andrew Ross Sorkin and Micheline Maynard April 28, 2008 Continental Airlines said Sunday that it Update August 27 - AFA and United are continuing discussions related to the merger, focusing onreaching a Transition Agreement addressing issues important to Flight Attendants and the Company until the time of an operational merger. The all-stock merger of equals brings together two of the world's premier airlines, creating a combined company well positioned to succeed in an increasingly competitive global and domestic aviation industry. Reporter. United ranked No. United Airlines & Continental Airlines Merger United Airlines Takes Flight Through Merger The APCO team worked alongside Uniteds merger team and executed a strategic campaign from announcement through the day of the completion of the merger. Found inside Page 26The deal is not contingent on the outcome of Continental's own proposed merger with United Airlines , which was announced earlier this year , he said . Found inside Page 151This time neither US political party seemed to see a merger that they did not like UAL Corp, parent company of United Airlines, once announced its own Found inside Page 56In the spring of 2000, United Airlines (the largest airline in the world) and US Airways (the sixth-largest in the US) announced their intended merger under Mergers are complex transactions with various steps to complete prior to an operational integration. At the time of the merger's announcement in May of last year, Continental employed about 3,000 workers at its corporate offices at 1600 Smith St. and 600 Jefferson St. Update August 27: The Department of Justice approves the merger. May 3, 2010 6:16 am United Airlines and Continental Airlines on Monday announced a $3 billion merger that would create the worlds biggest airline, Jad The move came only minutes after the two airlines announced their executive suite which would not include either United President John Tague or CFO Kathryn Mickells. Mr. GLENN TILTON (CEO, United Airlines): This is not a defensive combination of companies. Yet that could mean layoffs. Investors and stockholders will be able to obtain free copies of the joint proxy statement/prospectus and other documents containing important information about UAL and Continental, once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. By this September, shareholders of each airline separately will vote on approval of the merger. For more company information, go to continental.com. New York Times article >. Update February 2: From United's statement filed with the NMB in support of a single carrier determination: "On December 22, 2010 the FAA granted Continentals request and issued a new operating certificate covering both Continental and CMI [Continental Micronesia].. Found inside Page 46However , we must recognize this announcement will lead to additional merger attempts . Continental Airlines , United Airlines , American Airlines and U.S. Rather than combining the carriers reservations systems, websites, and Found inside Page 14Union Pacific and other Class 1 railroads opposed the merger , claiming that the announcement of the proposed merger of United Airlines and US Airways . Continental walked away from a deal with United on the eve of an announcement in 2008. Officials for the airline say they hope to have the deal finalized by the end of the year. April 22, 2010.--US Airways acknowledged, via a press release during Continental's first-quarter earnings call, that it had officially ceased merger talks with United Airlines. This is an important topic, as a proper valuation can be the key between a successful and a failed transaction. The author, Patrick Gaughan a noted expert in the field takes an interdisciplinary approach. DAVID SCHAPER: It's been a rough ride for commercial airlines in recent years. Update August 17 - United, Continental chiefs set to testify in merger lawsuit, Update August 27 - United and Continental agree to lease takeoff and landing slots at Newark (N.J.) Liberty International Airport to Southwest beginning March 2011. The process is detailed and extensive to ensure the protection of each Flight Attendants seniority. Copies of the documents filed with the SEC by UAL will be available free of charge on UAL's website at www.united.com under the tab "Investor Relations" or by contacting UAL's Investor Relations Department at (312) 997-8610. UAL Corp.s United Airlines announced merger with Continental Airlines Inc. on May 3, 2010 and became the worlds largest airline. Mr. SMISEK: This merger benefits all our stakeholders. Information about the directors and executive officers of UAL is set forth in its proxy statement for its 2010 annual meeting of stockholders, which was filed with the SEC on April 30, 2010. Machinists Refuse to Coordinate on Flight Attendant Issues (Aug 18), Summary of Negotiations at Merger Close (Oct 1), Reserve Survival and Preferencing Guides [UAL], United, Continental chiefs set to testify in merger lawsuit, Judge won't halt United-Continental merger, joint United-Continental Employee Advisory Council, Senior Leadership Announced for New United, AFA Takes Lead in Bringing Flight Attendants Together, Local Council Officer Election Process Begins October 3, 2016, Day of Action: Together We Will Achieve a Joint Contract, Merged Seniority List Compiled According to Process in AFA-CWA Constitution, Machinists Refuse to Coordinate on Flight Attendant Issues. Transaction in the operation new Contract with the SEC regarding the proposed transaction losses were by! Ceo will run the combined carrier 8:30 a.m. EDT to discuss the merger United! Also become executive chairman of the 9/11 Commission detailing their findings on the eve of announcement. 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