Justice Dept signs off on United-Continental deal

Full Story at Yahoo.com

MINNEAPOLIS – The Justice Department said Friday that it has no more antitrust concerns about the deal that would combine United and Continental into the world’s largest airline.

To win that approval, the airlines had to open the door to Southwest Airlines at Continental’s hub in Newark, N.J., where it is the dominant carrier. The Justice Department said leasing takeoff and landing permission to Southwest in Newark cleared up its main competitive concern.

Shareholders at Continental Airlines Inc. and United parent UAL Corp. are set to vote on the deal on Sept. 17, and the Transportation Department has to approve it. The airlines now expect the deal to close by Oct. 1.

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