by Sarah J.F. Braley | May 05, 2010

While United and Continental airlines have announced they will merge into a super airline serving 370 destinations around the world, the deal is by no means set in stone. Still to be hammered out are union agreements for pilots and flight attendants, for instance, and the merger, according to the New York Times, needs to secure regulatory approval, which might take a while. Under the current terms, Glenn Tilton, president and CEO of United, becomes nonexecutive chairman of the company's board of directors through Dec. 31, 2012, or the second anniversary of the closing, whichever is later. Continental's president and CEO, Jeff Smisek, will be the new company's CEO and a member of the board of directors. The board also will include six independent directors from each of the original airlines and two union directors as required by United's charter. Updates on the merger can be found here.