DOJ Approves UAL-CAL Merger Plan
The U.S.

The U.S. Department of Justice has approved the merger of United and Continental Airlines, the carriers announced on Friday. UAL and CAL expect to close the transaction by October 1, assuming their respective stockholders vote to clear the deal next month.

"We are pleased to have achieved this critical milestone and look forward to our respective stockholders' votes next month, following which we expect to be on track to close our merger by October 1," said Glenn Tilton, UAL Corp. chairman, president and CEO. "The combination of United and Continental will create a world-class airline, which will deliver an industry-leading network for our customers and the communities we serve, career opportunities for our people, and value and return for our stockholders."