AP source: United, US Airways in 'very advanced' combo talks

[Tesha]

Source: AP via the SF Chronicle

AP source: United, US Airways in 'very advanced' combo talks

By DAVE CARPENTER, AP Business Writer

United Airlines and US Airways are in very advanced talks with
the expectation of announcing within two weeks that they are
combining, a person close to the negotiations told The Associated
Press on Monday.

The two carriers stepped up their talks after Continental
Airlines Inc. caught United off guard by deciding not to
pursue a deal with the UAL Corp.-owned carrier.

The source asked not to be named because of the sensitive nature
of the talks. The timing of any agreement remains hard to predict,
and either side also could pursue an alliance instead or simply
walk away from a deal, as Continental did.

Representatives of both airlines said they do not comment on
rumors or speculation about consolidation.

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Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/04/28/financial/f081805D62.DTL&tsp=1