United To Agree To Revamp Board - Report

United Airlines will likely comply with two hedge funds' request and add directors to its board, including an independent chairman, according to a media report.

An agreement with the funds, PAR Capital Management and Altimeter Capital Management, may come within the next week, CNBC reported, citing unidentified sources.

The funds, which together own about 7 percent of the US airline, launched a fight for control in March, proposing a slate of directors led by former Continental Airlines chief executive Gordon Bethune to shake up the board of the poorly performing airline.

United tried to placate shareholders by expanding its board by three directors in March. The new appointments included James Whitehurst, former chief operating officer of Delta Air Lines and Robert Milton, former chief executive of Air Canada.

United declined to comment.