Stockholders of Continental and United on Friday agreed to merge the two airlines.
The all-stock merger, which the two airlines announced in May, is expected to close Oct. 1.
“This vote is a significant step toward closing our merger with Continental, creating the world’s leading airline and the industry’s best network for our customers, a strong company that provides career opportunity for our people and an airline that can deliver return for our shareholders,” Glenn Tilton, United chairman and CEO, said in a news release. “There is much work ahead as we bring these two companies together, pulling the best from both of our companies, and building on the work we have each done to strengthen our airlines.”
Both the Department of Justice and the European Commission have approved to the merger.
“We are grateful for our stockholders’ strong vote of confidence in this merger,” Jeff Smisek, Continental’s chairman, president and chief executive officer, said in a news release. “In approving the transaction, our stockholders recognized the value of bringing together Continental and United to create a platform for increased profitability and sustainable long-term value.”
