Ive seen references to the merger “closing” and the “single operating certificate” in materials. What do these terms mean and how do they fit into the integration process?
A. The integration process will be fully completed in 12-18 months. The merger received full legal approval on October 1, 2010, allowing us to operate separately under a holding company called United Continental Holdings, Inc. Since then, we have begun the process of integrating our two airlines. Throughout the transition, we will continue to operate separately. Although we will have the authority to operate as one airline when the FAA issues us a single operating certificate, it will be several months after that before we begin doing so.
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