TWO MAJOR INVESTORS IN CONTINENTAL AIRLINES AND NORTHwest Airlines are quietly talking merger. DAVID BONDERMAN, whose investor group controls 28.7% of Continental Airlines, and RICHARD C. BLUM, a key Northwest Airlines board member, recently held a secret meeting in the very conspicuous Hotel Bel-Air in Los Angeles. If the two can work out the snags -- such as the fact that Air Canada owns a chunk of Continental -- Bonderman and Blum could make a deal that would shake up the airline industry.
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