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United Airlines Is Looking To Merge

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UAL Corp (UAUA.O), parent of the No. 2 U.S. carrier United Airlines, is keen for a possible merger, according to an article in the Dec 3 edition of BusinessWeek that cited industry experts.

Pardus Capital Management, a New York-based hedge fund, which owns a stake in both UAL and Delta Air Lines (DAL.N) is pushing for a merger of the second and third largest U.S. carriers, according to recent media reports.

Read the whole story at Reuters