United and Continental Close Merger

On October 1, 2010, UAL Corporation (“UAL”) completed the all-stock merger of equals with Continental Airlines, Inc. (“Continental”). The holding company for the new entity is named United Continental Holdings, Inc.

With approximately US$9 billion in unrestricted cash at closing, United expects the merger will deliver US$1 billion to US$1.2 billion in net annual synergies by 2013, including between US$800 million and US$900 million of incremental annual revenue, from expanded customer options resulting from the greater scope and scale of the network, fleet optimization and expanded service enabled by the broader network of the combined carrier.

UAL was represented in the US by Scott Barshay, George Zobitz, John White and William Fogg (corporate/M&A); Katherine Forrest, Stuart Gold and Ning-Ly Seng (antitrust); Jennifer Conway (compensation and benefits) and Stephen Gordon (tax) of Cravath, Swaine & Moore LLP; in Belgium by Trevor Soames, Götz Drauz, Geert Goeteyn (competition) of Howrey LLP; and in Canada by Lawson Hunter, Susan Hutton and Kevin Rushton (competition) of Stikeman Elliott LLP.

Continental was represented in the US by Kevin Lewis (corporate/M&A) of Vinson & Elkins LLP and by Mark Metts and Robert Profusek (corporate/M&A) of Jones Day; and by Alan Ryan and Gavin Bushell in Belgium; Takeshi Nakao, Akinori Uesugi and Kaori Yamada in Japan; Alexander Viktorov in Russia; and Paul Yde, Karine Faden, Hiram Andrews, Rich Snyder and Kaethe Carl (competition) in the US, all of Freshfields Bruckhaus Deringer LLP; and in Canada by Calvin Goldman, Jason Gudofsky, Navin Joneja and Cassandra Brown (competition) of Blake, Cassels & Graydon LLP.


Jennifer S. Conway Navin Joneja Scott A. Barshay Jason L. Gudofsky Katherine Forrest Kevin Rushton Susan M. Hutton Stephen L. Gordon Lawson A.W. Hunter Cassandra Brown Calvin S. Goldman


Cravath, Swaine & Moore LLP Howrey LLP Stikeman Elliott LLP Vinson & Elkins LLP Jones Day Freshfields Bruckhaus Deringer Blake, Cassels & Graydon LLP