The U.S. Justice Department said Friday it has approved the proposed merger of United Airlines Inc. and Continental Airlines Inc.
In a statement posted on its Web site, the department said approval of the $3 billion merger came after United and Continental agreed to transfer takeoff and landing rights "and other assets at Newark (N.J.) Liberty Airport to Southwest Airlines Co."
The decision clears the way for the merger to be completed within a few weeks, The New York Times reported. United and Continental shareholders are to vote on the merger Sept. 17.
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