Continental and flybe Announce Codeshare

Airlines (NYSE: CAL) and U.K. airline Jersey European d/b/a British European
(flybe.) announced today that they have agreed to form a cooperative marketing
relationship to include codesharing on select flights, reciprocal frequent
flyer program participation and reciprocal airport lounge access.

Subject to government approval, Continental and flybe plan to start
codesharing this fall on flybe-operated flights between London/Gatwick and
Belfast City, Jersey and Guernsey, and between Birmingham and Belfast City,
Edinburgh, Glasgow and Shannon; and on Continental-operated flights between
New York/Newark and Birmingham, Glasgow and Manchester.  These flights will
display the designator codes of both Continental (CO) and flybe (BE) and will
be marketed by both carriers.

Effective Oct. 1, 2002, members of Continental`s frequent flyer program,
OnePass, will be able to earn and redeem miles anywhere on flybe`s network.
With the start of codesharing, members of flybe`s frequent flyer program,
Passport to Freedom, will be able to redeem rewards for travel on select
Continental flights.

Continental and flybe have also agreed to provide their customers with
access to each other`s airport lounges.  Effective with the start of
codesharing, Continental`s BusinessFirst customers and Presidents Club members
will have access to flybe`s Business Lounges at London/Gatwick, Belfast City,
Jersey and Guernsey, while flybe`s Business Class customers will have access
to Continental`s Presidents Club lounges at London/Gatwick and Newark Liberty
International Airport.

“We`re enthusiastic about signing this alliance agreement with flybe, who
have shown they share our commitment to high-quality service,” said David
Grizzle, senior vice president of corporate development for Continental.
“The airline`s extensive U.K. and Ireland network provides new opportunities
and benefits for Continental customers, particularly OnePass members, and we
look forward to working together to deliver further benefits to our respective


Jim French, managing director of flybe said: “This marketing agreement
with Continental Airlines is very important for us as it enables us to market
the British European (flybe.) name in the United States.  It will be excellent
for our passengers, who will benefit with seamless service from
London/Gatwick, the U.K. regions and northern and southern Ireland to
Continental Airlines` departures to New York/Newark and beyond.  We are
delighted to have signed this agreement and look forward to a long and
prosperous relationship with Continental.”
Flybe is Europe`s leading independent regional carrier, flying some
3 million passengers a year and more than 1,000 flights weekly on a network
that covers 18 domestic and 13 international destinations.  The 21-year-old
airline relaunched as flybe early this summer, creating a new generation of
airline with an innovative passenger charter, permanently low and flexible
fares network-wide and a vibrant new identity.  The airline has principal
operating bases in London, the Channel Islands, Belfast City, Scotland and
Birmingham.  From Birmingham it is the second-largest airline, serving
10 destinations in the U.K. and Ireland.  Earlier this year the airline was
voted Short Haul Business Carrier of the Year by Business Travel World
Magazine.  Flybe has just won the accolade of Best Shorthaul Airline 2002 from
the U.K.`s Institute of Travel Management.

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