Passenger suit attempts to block mega-merger

06/30/2010 | Reuters · Houston Chronicle (tiered subscription model)

Fearing that a merger between United Airlines and Continental Airlines would "substantially lessen competition or ... tend to create a monopoly," 49 passengers have sued in U.S. District Court to block the proposed combination. In response, both airlines defended the merger. "We believe this suit has no merit, and we will vigorously defend what we strongly believe to be a transaction that is in the best interests of Continental, its shareholders and the flying public," Continental said in a statement.

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Reuters · Houston Chronicle (tiered subscription model)

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