United, US Airways talks reportedly stalled on runway
From the Associated Press
Consolidation talks between United Airlines and US Airways appear to have fallen apart, the New York Times reported late Tuesday, citing unnamed people with direct knowledge of the discussions.
The board of United parent UAL Corp. and its chief executive, Glenn F. Tilton, raised questions about the arrangement in the last few days, according to three people the New York Times said had been briefed on the decision making.
One person said senior executives at both airlines, as well as bankers and lawyers working toward a deal, had put it on “permanent hold.”
The people spoke on condition of anonymity because the talks were private, the newspaper said.
United spokeswoman Jean Medina declined to comment.
