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More 777's at Continental

Old 07-28-2005, 11:21 AM
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Default More 777's at Continental

Continental Airlines Orders Two New Boeing 777-200ER Widebody Jets to Support International Expansion
Thursday July 28, 2:30 pm ET

HOUSTON, July 28 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL - News) today announced that it has ordered two additional Boeing 777- 200ER (extended range) widebody airplanes from The Boeing Company, as the airline continues its international route expansion.

At a George Bush Intercontinental Airport ceremony, seven Continental employees signed the aircraft order alongside Continental Chairman and CEO Larry Kellner, Continental President Jeff Smisek and Boeing Commercial Airplanes President and CEO Alan Mulally.

"The 777 is the long-range workhorse in our all-Boeing fleet, and will serve the most profitable segment of today's aviation market -- long-haul international routes," said Kellner.

"We have Continental employees signing this order, because it was the sacrifices they made with their pay and benefit reductions that made our growth strategy possible. These new aircraft will help deliver more career opportunities and better job security for our employees, while giving our customers superior comfort and the ability to fly to more international destinations nonstop on their favorite airline."

Continental currently operates 18 777-200ERs in a 283-seat configuration and flies them on long-distance international routes such as Houston-Paris, Houston-Tokyo, New York-Beijing and New York-Tel Aviv. Continental plans to start New York-Delhi service this fall using Boeing 777-200ERs.

"Our enduring partnership with Continental Airlines has helped make the 777 the preferred airplane in its class for both passengers and airlines," said Mulally. "We're especially proud today to have the airline and its employees choose Boeing and the 777 to meet its growing need for international long-haul airplanes."

The aircraft are scheduled for delivery in the first quarter of 2007. Boeing has agreed to provide backstop financing for the aircraft.

All Continental 777 aircraft feature Continental's renowned BusinessFirst service, which won the Best Executive/Business Class award at the OAG Airline of the Year Awards 2005 for the third year running, based on voting by frequent flyers worldwide. BusinessFirst was also voted Best trans-Atlantic Business Class among U.S. airlines in Conde Nast Traveler magazine's Business Travel Awards 2004 for the seventh year in a row.

This premium-class cabin features extra-wide electronic sleeper seats with 55-inch pitch, adjustable winged headrests and personal video screens. Other BusinessFirst amenities include gourmet menus and award-winning wines and champagnes. A specially selected and trained corps of more than 200 concierges provides individualized pre-flight and post-flight services for BusinessFirst customers at 26 key international airports worldwide.

Continental Airlines is the world's sixth-largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,100 daily departures throughout the Americas, Europe and Asia, serving 150 domestic and 131 international destinations, more than any other carrier in the world. Nearly 400 additional points are served via SkyTeam alliance airlines, which include Aeromexico, Air France/KLM, Alitalia, CSA Czech Airlines, Delta Air Lines, Korean Air and Northwest Airlines. With 42,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 56 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture.

[Today's announcement makes 16 new aircraft deliveries (2 B-777s, 8 B-757-300s and 6 B737-800s)
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