TEMPE, Ariz. — US Airways CEO Doug Parker told employees todaythat while the airline considered others for a possible merger,including a rumored deal with United Airlines, the carrier willremain independent for the time being.
|Several publications, including the New York Times andthe Wall Street Journal, reported that US Airways andUnited Airlines have decided not to purse a merger. Meanwhile,United may have renewed its interest in Continental Airlines.United CEO Glenn Tilton reportedly said the carrier is close tosigning a deal with Continental, according to an article in today'sWall Street Journal.
|The $5 billion Alliant Credit Union, which was originally formedto serve United Airlines but has since diversified its membership,has said it plans to continue along that path while maintaining a70-year relationship with the carrier's employees, David Mooney,Alliant's president/CEO, previously told Credit UnionTimes.
|In April, Tom Glatt, president/CEO of $200 million ContinentalFCU, also told Credit Union Times that he hopesContinental Airlines will remain independent but said if a mergeroccurs, it could possibly bring significant growth opportunitiesfor the financial institution.
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