Legal Commentary

Conited Airlines, finally?

By Tom Kirkendall

The NY Times is reporting that the on-again, off-again merger negotiations between Houston-based Continental Airlines and Chicago-based United Airlines are coming to a conclusion and that a definitive merger deal is likely to be announced by the end of next week.

Meanwhile, the partners in the latest proposed airline merger reported an astounding, combined first-quarter loss of $10.5 billion, reflecting that the two soon-to-be partners are now worth far less than when they emerged from bankruptcy a year ago.

Two drunks holding each other up is rarely a good idea.

Full post as published by Houston's Clear Thinkers on April 26, 2008 (boomark / email).