|
An
agreement with the funds, PAR Capital Management Inc and
Altimeter Capital Management LP, may come within the next week,
CNBC reported, citing unidentified sources.
The funds, which together own about 7 percent of the U.S.
airline, launched a fight for control in March, proposing a
slate of directors led by former Continental Airlines Chief
Executive Gordon Bethune to shake up the board of the poorly
performing airline.
United tried to placate shareholders by expanding its board by
three directors in March. The new appointments included James
Whitehurst, former chief operating officer of Delta Air Lines
Inc and Robert Milton, former chief executive of Air Canada.
United declined to comment.
Altimeter and PAR could not immediately be reached for comment.
(Reporting by Ismail Shakil in Bengaluru; Editing by Jonathan
Oatis and Peter Cooney)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
