From the ArcaMax Publishing, Business News Newsletter:
http://www.arcamax.com/news/businessnews/s-349166-138036
PITTSBURGH (UPI) -- A report published Saturday said United Airlines
is balking at the terms of a possible merger between it and US Airways
of Pittsburgh.
The Pittsburgh Post-Gazette quoted sources close to the negotiations
as saying "most" of the uncertainty surrounding the merger talks was
coming from United, which has yet to agree with US Airways on such
issues as where the headquarters of the combined operation would be
and who would make up its management team.
The newspaper said its source confirmed "both sides have been engaged
in conversations for the last two months" and that while US Airways
"appears ready to work out the details, United could still decide to
remain independent." While no formal timetable has been set for the
merger, negotiators expect United could make a decision by the end of
May, the newspaper said.
However, the Post-Gazette reported that concern is high among the two
airlines that the longer the discussions drag on, the more likely the
deal will draw tough antitrust scrutiny from Congress.