United Said to Restart Talks With US Airways |
| New York Times - Apr 29, 2008 |
For the last five years, Glenn F. Tilton has talked often about the need for mergers and consolidation in the airline industry, hanging out the equivalent of a “for sale” sign at his troubled United Airlines.
United Airlines and US Airways talked over the last few months, but negotiations took a back seat so United could explore a deal with Continental. Those talks fell through Sunday night.
But like many frustrated home sellers these days, Mr. Tilton, United’s chief executive, has found no takers so far.
After seeing its latest prospect slip away on Sunday with the decision of Continental Airlines to end merger talks, United restarted discussions with US Airways about a possible deal, according to people with direct knowledge of the negotiations.
Read Full Article from New York Times
- Posted: 2008-04-29 08:43:11
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