SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
FORM 8-K |
CURRENT REPORT |
Pursuant to Section 13 or 15(d) of the |
Securities Exchange Act of 1934 |
Date of Report (Date of earliest event reported): |
August 5, 2003 |
CONTINENTAL AIRLINES, INC. |
(Exact name of registrant as specified in its charter) |
Delaware |
1-10323 |
74-2099724 |
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
of incorporation) |
Identification No.) |
1600 Smith Street, Dept. HQSEO, Houston, Texas |
77002 |
(Address of principal executive offices) |
(Zip Code) |
(713) 324-2950 |
(Registrant's telephone number, including area code) |
Item 5. Other Events.
On August 5, 2003, we issued a press release announcing the completion of our sale of a portion of our shares of common stock of ExpressJet Holdings, Inc. to the issuer, reducing our ownership of ExpressJet to approximately 45 percent. We also announced that we have contributed the sale proceeds of $126,750,000 to our defined benefit pension plan. The press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
SIGNATURE |
Pursuant to the requirements of the Securities Exchange Act of 1934, Continental Airlines, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CONTINENTAL AIRLINES, INC. |
August 5, 2003 |
By /s/ Jennifer L. Vogel |
Jennifer L. Vogel |
|
Vice President, General Counsel |
EXHIBIT INDEX |
99.1 |
Press Release |
EXHIBIT 99.1
News Release
Contact:
Corporate CommunicationsHouston: 713.324.5080
Email: corpcomm@coair.com
News archive: continental.com/news/ Address: P.O. Box 4607, Houston, TX 77210-4607
CONTINENTAL AIRLINES ANNOUNCES SALE OF EXPRESSJET HOLDINGS
SHARES AND CONTRIBUTION OF PROCEEDS TO PENSION FUND
HOUSTON, August 5, 2003 -- Continental Airlines, Inc. (NYSE: CAL) today announced that it has concluded its previously announced sale of a portion of its shares of common stock of ExpressJet Holdings, Inc. (NYSE: XJT) to ExpressJet, thereby reducing its ownership of ExpressJet to approximately 45 percent. Continental also announced that it has contributed the sale proceeds of $126,750,000 to its defined benefit pension plan.
"
We are meeting our commitment to our employees' pension fund," said Continental Chairman and CEO Gordon Bethune. "I can think of no better use of the proceeds from our sale of ExpressJet stock than for our employees' long-term welfare."Continental Airlines is the world's seventh-largest airline with 2,300 daily departures to 134 domestic and 92 international destinations. Continental has the broadest global route network of any U.S. airline, including extensive service throughout the Americas, Europe and Asia. Continental has hubs serving New York, Houston, Cleveland and Guam, and carries approximately 41 million passengers per year on the newest jet fleet among major U.S. airlines.
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