Continental ups pension contribution
Continental Airlines have announced that it has contributed an additional $84 million cash to its defined benefit pension plans. These contributions bring Continental’s year-to-date pension contributions to $304 million and meet its minimum required contribution for 2005.
“Continental’s recent $84 million pension contribution demonstrates that we are working hard to fulfill our obligations and keep our promises to employees,” said Larry Kellner, Continental’s chairman and chief executive officer.
Since 2002, Continental Airlines has contributed $826 million to its pension plans.