Continental, United Close Merger Deal

by | Oct 1, 2010 | Towing

United

Continental Airlines (CAL) and UAL Corp (UAUA), owner of United, closed their merger deal Friday, creating the world’s largest air carrier, called United Airlines.

The new holding company, United Continental Holdings, will begin trading today on the New York Stock Exchange under the ticker “UAL,” Reuters said.

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Jeff Smisek, formerly CEO of Continental, will serve as CEO of the new…

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Continental, United Close Merger Deal originally appeared on DailyFinance on Fri, 01 Oct 2010 08:27:00.

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Spirit Airlines Files for $300 Million IPO

by | Sep 20, 2010 | Towing

Spirit

Spirit Airlines filed plans for an IPO worth as much as $300 million.

The airline, which offers low-cost travel to and from South Florida, the Caribbean and Latin America, would retain about half of the proceeds of the IPO and use most of the rest to pay down debt, The Wall Street Journal said.

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Spirit has remained profitable in each of the last three full years even as other…

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Spirit Airlines Files for $300 Million IPO originally appeared on DailyFinance on Mon, 20 Sep 2010 07:58:00.

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