United, Continental Tout Merger Benefits At Hearing

Law360, New York (May 27, 2010, 4:20 PM EDT) -- The chief executives of UAL Corp.'s United Air Lines Inc. and Continental Airlines Inc. defended their proposed $3 billion merger before a U.S. Senate hearing Thursday, rejecting arguments that the combination would have anti-competitive effects and touting efficiencies that would result from the deal.

The two airlines now face fierce competition from low-cost airlines and international carriers, a situation that would hardly change after the merger, United CEO Glenn Tilton and Continental CEO Jeffery Smisek argued before the Senate Judiciary Committee's subcommittee on antitrust, competition policy...
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