Plans to merge UAL Corp.'s United Airlines and US Airways Group Inc. were suspended -- for now -- when UAL Corp. Chief Executive Officer Glenn Tilton told his opposite number, Doug Parker, on Thursday that United is very near an alliance agreement with Continental Airlines Inc., said two people familiar with the situation.
United and US Airways had been in merger exploration talks for more than two months. After stop-and-go discussions, Mr. Tilton and Mr. Parker had lunch Thursday, said these people. During the meeting, Mr. Tilton raised concerns about the merger plan and said United thinks it is close ...
