As an upshot of all this, Six bought into the airline with US$90,000 and became general manager on July 5, 1936. Mueller had helped found the Southwest Division of Varney in 1934 with Walter T. Six was introduced to Louis Mueller (who would serve as chairman of the board of Continental until February 28, 1966). Six learned of an opportunity to buy into the Southwest Division of Varney Speed Lines which needed money to handle its newly won Pueblo-El Paso route. Following cancellation of all domestic airmail contracts by the Roosevelt administration in 1934, Robert F. Varney was awarded a 17-cent-rate airmail contract between Pueblo and El Paso it carried passengers as a sideline. The airline commenced operations with the Lockheed Vega, a single-engine plane that carried four passengers. Varney, who was also a founder of United Airlines) was formed in 1934, operating airmail and passenger services in the American Southwest over a route originating from El Paso and extending through Albuquerque, Santa Fe, and Las Vegas, New Mexico, to Pueblo, Colorado. Varney Speed Lines (named after one of its initial owners, Walter T. Varney, founder of predecessors of United Airlines and Continental Airlines, 1921 On June 27, 2019, United changed its parent company name from United Continental Holdings to United Airlines Holdings. Although the merged airline retained the United name, it uses Continental's operating certificate and livery. The integration was completed on March 3, 2012. During the integration period, each airline ran a separate operation under the direction of a combined leadership team, based in Chicago. Upon completion of the acquisition, UAL Corporation changed their name to United Continental Holdings. Continental's shareholders received 1.05 per share in United stock for each Continental share they owned. The companies were merged in 1982, moved to Houston, and grew into one of the country's largest carriers despite facing financial and labor issues, eventually becoming one of the more successful airlines in the United States.Ĭontinental and United Airlines merged in an $8.5 billion all-stock merger of equals on October 1, 2010. In 1981, Texas International Airlines acquired a controlling interest in Continental. Davies, "Unfortunately, the policies that had been successful for more than forty years under (Robert) Six's cavalier style of management were suddenly laid bare as the cold winds of airline deregulation changed all the rules-specifically, the balance between revenues and expenditures." However, deregulation in 1978 changed the competitive landscape and realities, as noted by Smithsonian Airline Historian R.
It had ownership interests and brand partnerships with several carriers.Ĭontinental started out as one of the smaller carriers in the United States, known for its limited operations under the regulated era that provided very fine, almost fancy, service against the larger majors in important point-to-point markets, the largest of which was Chicago/Los Angeles. Archived official website at the Wayback Machine (archive index)Ĭontinental Airlines, simply known as Continental, was a major American airline founded in 1934 and eventually headquartered in Houston, Texas.
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