Key deal between United and hedge fund investors expected

• United Continental (NASDAQ:UAL) is expected to agree to add an independent chairman and new directors to its board, according to CNBC.
• Sources indicate a formal announcement of a deal with key hedge fund investors PAR Capital Management and Altimeter Capital Management could arrive next week,
• Airline industry insiders have pointed at United Airlines as the major U.S. carrier most needing of a board and C-suite shakeup.
• UAL is down 12% over the last year vs. the 3% gain for the U.S. Global Jets ETF (NYSEARCA:JETS).
• Now read New Competition Poses Challenges For United Continental