Will be world's largest airline.
Directors at Continental and United airlines have approved a stock-swap deal that would combine them into the world's largest airline. The deal values Continental at some $3.2 billion. The Sunday board actions were described by a person with knowledge of the votes, who declined to be identified because the companies plan an announcement on Monday. The combined airline will be called United, based in United's hometown of Chicago, and run by Continental CEO Jeffery Smisek. United CEO Glenn Tilton will be chairman.
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