A Senate “subcommittee is set to examine the proposed airline deal between United Airlines and Continental Airlines on Thursday that will study the implications for airline consumers,” Reuters reports.
The Subcommittee on Antitrust, Competition Policy and Consumer Rights will examine the proposed airline merger between United and Continental on May 27, according to a Senate website.
Also on Thursday, the Senate committee on Commerce, Science and Transportation will examine the financial state of the airline industry and the implications of consolidation.
On May 3, United Airlines, a unit of UAL Corp, “said it will buy Continental for about $3.17 billion in an all-stock deal that will form the world’s largest carrier.”
(credit image – daylife/reuters)
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