A French appeals court cleared subsidiary CO and our employees of criminal fault for the 2000 Concorde incident. An earlier court had ruled that a small metal strip that fell onto the runway from a CO aircraft had caused an Air France Concorde to crash after it took off from CDG (Paris).

We released the following statement: “This was a tragic accident and we support the court’s decision that Continental did not bear fault. We have long maintained that neither Continental nor its employees were responsible for this tragic event and are satisfied that this verdict was overturned.”

Wasn't the amount in question only about $2 million??

$2.7 million of which Continental is still required to pay $1.3 million to Air France with the appeals court's ruling. It wasn't really about the money it was about the criminal charges and convictions for an accident that the company was appealing.