The settlement gets the job done. The settlement isn't ideal, I would have liked to see Northwest divest all Continental stock. But they divested enough to ensure Continental's independence, and to my surprise they quickly arrived at a split-the-difference figure on the share price. And NW and CO can still operate their code-share alliance, which doesn't seem to me anti-competitive. Ownership, not alliance, was the problem.
Need a new airline paint scheme? Better call Saul! (Bass that is)