Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Air Canada And United Make A Deal


In Business This Week

AIR CANADA AND UNITED MAKE A DEAL

Canada's two major airlines are once again looking south of the border for help in resolving their own mounting financial problems. For a while, it seemed Canada's two airlines would merge. But those talks died on Aug. 14, when Canadian Airlines International rejected an Air Canada offer that would have given the larger carrier 60% control over the merged company.

So on Aug. 18, Air Canada announced a deal with United Airlines that has the two carriers, among other things, coordinating their schedules and combining frequent-flier programs. Meanwhile, Canadian is scrambling to raise the financing it needs to reopen negotiations with American. American might be interested in a 25% stake in Canadian.EDITED BY DEIDRE A. DEPKE


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus