The future chief executive officer of the world’s biggest airline once surprised his old boss on a Houston highway by pulling alongside in his Infiniti as they were each doing about 130 miles per hour.
United Continental Holdings Inc. Chief Executive Officer Jeff Smisek said the company had made “significant progress” as it integrates operations following an October combination that created the world’s largest airline.
Continental Airlines Inc. Chief Executive Officer Jeff Smisek defended a proposed merger with UAL Corp. , testifying in federal court that combining the airlines will “increase our revenue and decrease our costs.”
United Continental Holdings Inc. Chief Executive Officer Jeff Smisek said the European Union’s plan to apply its carbon emission rules to airlines from outside the bloc is “inappropriate” and “exceeds the legal authority of the European Union,” the Financial Times reported, citing an interview.
Continental Airlines Chief Executive Officer Jeff Smisek, who will become CEO of UAL Corp. through the companies’ $3.17 billion stock-swap combination, told CNBC he expects “no material antitrust issues whatsoever” with the transaction.
United Airlines parent UAL Corp. and Continental Airlines Inc. agreed to merge in a stock swap valued at more than $3.2 billion to create the world’s largest carrier, reviving a deal that fell apart two years ago.
Boeing Co.’s 787 Dreamliner cleared another hurdle in restoring its image as United Airlines, the only U.S. operator, resumed flights today after the jet’s lithium-ion battery flaws forced a three-month grounding.