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Europe Daily Bulletin No. 7725

26 May 2000
Contents Publication in full By article 34 / 58
ECONOMIC INTERPENETRATION / (eu) air transport

The number one airline in America and the world, UAL -UNITED AIRLINES- (turnover of USD 18 billion in 1999 with 100,000 employees) will be buying its competitor US AIRWAYS (turnover of USD 8.6 billion in 1999 with a workforce of 46,300) for USD 11.6 billion, of which 4.3 billion in cash, corresponding to 60 dollars a share. Combining their activities, the two airlines will offer 6,500 flights a day.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION