DOJ signs off on United-Continental merger

The U.S. Justice Department has completed its review of the proposed merger between United Airlines and Continental Airlines without raising objections, according to a statement released late Friday.

"We are pleased to have achieved this critical milestone," United parent UAL Corp. Chief Executive Glenn Tilton said in the statement, while adding that he expects the merger to close by Oct. 1.

"The DOJ's decision permits us to clear one of the last regulatory hurdles," added Continental CEO Jeff Smisek.

State attorneys general are still reviewing the planned merger, which was announced in May. Regulators in Europe signed off on it last month.

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- Posted: 2010-08-28 21:30:59

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