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United & Continental finalise mega-merger

United Airlines - Merger with Continental complete
United Airlines - Merger with Continental complete

United Airlines and Continental Airlines today announced they had completed their merger that creates the world's biggest carrier.

The new firm begins trading on the New York Stock Exchange as United Continental Holdings, with the symbol UAL.

'This is a true merger of equals, bringing together two strong companies and positioning us to succeed in a dynamic and highly competitive global aviation industry,' said Glenn Tilton, the United Airlines chief who is the non-executive chairman of the new firm.

'This sets us on a path to create the world's leading airline from a position of strength, with one of the the industry's best cash positions, industry-leading revenues and a competitive cost structure,' he added.