United, Continental CEOs Defend Merger Before House

Law360, New York (June 16, 2010, 6:49 PM EDT) -- Lawmakers grilled the CEOs of Continental Airlines Inc. and UAL Corp.'s United Air Lines Inc. on Wednesday about their proposed $3 billion merger, expressing concern about the tie-up's potential to curb competition in the airline industry and its effect on employees.

United CEO Glenn Tilton and Continental CEO Jeffery Smisek argued at a House Judiciary Committee hearing that the combination would create an entity that could successfully compete with global airline rivals and allow the two companies to move past the legacy of a particularly grim...
To view the full article, register now.