The chief executive of Continental Airlines, Jeff Smisek, testified in a federal court Tuesday in defense of the company's merger plan with United. Federal antitrust regulators approved the $8 billion merger plan late last week, but the companies still face other hurdles, including a recent lawsuit seeking to block the deal. The lawsuit was filed in a federal court in San Francisco and claims that a merger between United and Continental would create a monopoly, increase fares and reduce jobs.
This past weekend marks a change for one of New Jersey's biggest employers, Continental Airlines. On May 2, Continental and United airlines agreed to a $3 billion merger. The new company will go by the name of United and be based in Chicago, a change that threatens the jobs of the current 14,000 Continental employees in New Jersey.