05/03/2008 05:12 am ET | Updated May 25, 2011

Continental And United Said To Be Close To Merger Deal

United Airlines and Continental Airlines are getting closer to a merger agreement and would like to wrap up a deal by the end of next week, people with direct knowledge of the discussions said Friday.

The negotiations, which have been under way for months, accelerated after Delta Air Lines and Northwest Airlines announced a $3 billion deal on April 14 that would create the nation's biggest air carrier.

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