Continental Airlines
(NYSE: CAL) announced today that Mark A. Erwin has been named president and
chief executive officer of Continental Micronesia, Inc. and its parent
company, Air Micronesia, Inc., effective immediately.  Erwin had been
Continental`s senior vice president - airport services.

“Mark Erwin has demonstrated great leadership at Continental and will be
an enormous asset as CEO of Continental Micronesia as I relinquish my role as
CEO of that company,” said Continental Chairman and Chief Executive Officer
Gordon Bethune.

In his new position, Erwin is responsible for all aspects of cargo and
airline operations for Continental Micronesia.  Erwin also assumes the
additional responsibilities of sales and marketing for Continental Micronesia
and for Continental`s trans-Pacific services.

Erwin, who will report to Continental President Larry Kellner, replaces
Bill Meehan, who will return to the mainland U.S. after five years at
Continental Micronesia to assume the position of Continental vice president -
Cleveland hub.

“Bill Meehan has done a tremendous job leading Continental Micronesia,
especially in its transition to a new-generation fleet, and Mark will build on
that success,” Bethune said.

Guam-based Continental Micronesia, a wholly owned subsidiary of
Continental Airlines, offers more than 235 departures each week between
23 cities throughout the Pacific Rim, the Micronesian Islands and Hawaii with
a fleet of 11 next-generation Boeing 737 narrowbody and 767 widebody aircraft.

Continental Airlines is the fifth largest airline in the U.S., offering
more than 2,100 departures daily to 122 domestic and 90 international
destinations.  Operating hubs in New York, Houston, Cleveland and Guam,
Continental serves more international cities than any other U.S. carrier,
including extensive service throughout the Americas, Europe and Asia.  For
more information, visit continental.com.

Continental was named the 2001 Airline of the Year by Air Transport World,
as well as the 1996 Airline of the Year, making it the only carrier to receive
this honor twice in five years.  For the fourth consecutive year, Continental
was named one of the 100 Best Places to Work For by FORTUNE magazine, and is
ranked the nation`s No. 1 airline in customer satisfaction for long and
short-haul flights by Frequent Flyer Magazine and J.D. Power and Associates.
Continental has received numerous awards for its BusinessFirst premium cabin
(Conde Nast Traveler, OAG, Entrepreneur and SmartMoney magazines), OnePass
frequent flyer program (InsideFlyer`s Freddie Awards) and overall operations
and management (FORTUNE magazine).

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