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CHICAGO (AP) - United Airlines remains interested in industry consolidation and would like to team up with a U.S. carrier with a strong presence in the Northeast and a hub in the South, its chief financial officer said Wednesday.
Jake Brace told analysts there are candidates for such a merger but indicated United has no intention of attempting a hostile takeover, citing the recent failed bid by US Airways Group Inc. to acquire Delta Air Lines Inc.
"Consolidation is not something that one company can do in isolation," he said at the Merrill Lynch Global Transportation Conference in New York. "We don't believe that ... hostiles in the airline industry are very successful. Our belief is that you have to do something on a consensual basis."
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