UAL Continental shareholders approve merger

first_imgThe shareholders of United Airlines (UAL) and Continental Airlines approved the merger of the two companies on Friday 17 September, with the new entity due to become the world’s largest air carrier. More than 98 per cent of Continental’s shareholders approved UAL’s US$3.17 billion all-stock purchase of the airline at a meeting in Houston, Airwise reported.”We are grateful for our stockholders’ strong vote of confidence in this merger,” Continental’s chairman, president and CEO, Jeff Smisek said.”In approving the transaction, our stockholders recognised the value of bringing together Continental and United to create a platform for increased profitability and sustainable long-term value.” Similarly, UAL’s shareholder’s voted in favour of the merger with a 98 per cent margin at their Chicago meeting.The merger is set to be completed within the next 18 months, realising between US$1 billion and US$1.2 billion in annual revenue and cost benefits by 2013.”We would have a company that would be an investable company, a leading company and we’ve created what has every opportunity by almost every imaginable measure to be the best company in the industry,” UAL’s CEO, Glenn Tilton said. Plans for the merger were announced in May, before it received clearance from the European Commission in July and gained antitrust approval from the US government in August. The merged entity will be based in Chicago and headed by Continental CEO Mr Smisek. UAL’s Mr Tilton will become non-executive chairman of the carrier.The UAL/Continental deal is the first major US airline merger since Delta Air Lines acquired Northwest Airlines in 2008. UAL,Continental tail Source = e-Travel Blackboard: C.Clast_img read more

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first_img Top Stories Former Cardinals kicker Phil Dawson retires Your browser does not support the audio element. LISTEN: Herm Edwards, ESPN NFL insider At 7-2, the Arizona Cardinals have the second-best record in the NFC behind the undefeated Carolina Panthers.But ESPN Analyst and former NFL head coach, Herm Edwards thinks otherwise when it comes to the Cardinals.“They’re probably the most talented team as far as  both sides of the football,” Edwards told Doug and Wolf on Arizona Sports 98.7 on Tuesday.Through Week 10, the Cardinals lead the NFL in total offense, averaging 421.1 yards per game. On the other side of the ball, they rank third in total defense, allowing an average of 316.1 yards per game. 0 Comments   Share   Arizona Cardinals running back Andre Ellington leaps into the end zone for a touchdown against the Seattle Seahawks during the second half of an NFL football game, Sunday, Nov. 15, 2015, in Seattle. (AP Photo/Elaine Thompson)center_img Derrick Hall satisfied with D-backs’ buying and selling They also lead the league in interceptions alongside the Panthers and the Giants, with 14 so far this season.“They have offensive talent at the skill positions as well as the running backs. They’ve got an outstanding defense as well. So I think when you look at their roster, compared to everyone else’s roster, I would say they’re probably the most talented team,” Edwards said.However, Edwards said that there’s a difference between being the most talented team and being the best team. But he’s not counting the Cardinals out of the conversation.“Whether they’re the best or not, we’ll find out because the best will actually be in the Super Bowl,” Edwards said. “Because you’re going to have to go through a gauntlet of games and I think they’re applying to do that with Carson Palmer being healthy.”The Cardinals’ win at Seattle on Sunday was proof of how valuable Palmer is to Arizona. Edwards said that how Arizona head coach, Bruce Arians responded to Palmer’s two costly turnovers in back-to-back series in the fourth quarter was evidence of the confidence that the Cardinals have in their quarterback.“Most quarterbacks would go in the tank and the coach wouldn’t allow him to continue to throw the ball,” Edwards said. “That wasn’t the mindset of Bruce at all. He trusted the quarterback.” Palmer ranks second in the league in yards per attempt, passing touchdowns and passer rating in addition to having the top Total Quarterback Rating in the NFL.So where do the rest of the Cardinals fall on the NFL Leaderboards?Here are some of the standouts through Week 10.Carson PalmerQBR 82.3 (1st)Passer Rating: 108 (2nd)Total Yards: 2,749 (4th)Yards/Attempt: 8.9 (2nd)Touchdowns: 23 (2nd)Chris JohnsonRushing Yards: 734 (2nd)Rushing Yards/Game: 81.6 (4th)Larry FitzgeraldReceptions 20+ Yards: 14 (3rd)Receiving TDs: 7 (4th)Receiving First Downs: 41 (5th)Receiving Yards: 836 (5th)Receiving Yards/Game: 92.9 (6th)Chandler CatanzaroExtra Points: 34 (1st)Points/Game: 9 (3rd)Total Points: 82 (4th)David JohnsonLongest Kickoff Return: 108 (1st)Yards on Kickoff Returns: 469 (4th)Average Kickoff Return: 27.6 (4th)Deone BucannonTackles: 51 (12th)Tyrann MathieuPasses Defended: 12 (7th)Interceptions: 3 (9th)Tackles: 47 (17th)Rashad JohnsonInterceptions: 4 (3rd),Justin BethelForced Fumbles: 4 (1st) The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impactlast_img read more