Justice Dept. OKs United-Continental airline merger
The Justice Department said Friday that it had approved the proposed union of United and Continental airlines, after an unexpectedly speedy four-month review that paves the way for the merger to close before Thanksgiving.
To win the blessing of federal antitrust regulators, United and Continental agreed to lease slots for 18 round-trip flights to Southwest Airlines at Newark Liberty International Airport, giving the low-cost carrier its second foothold at a major airport servicing New York City. Southwest began flights to LaGuardia International Airport last year.
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