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US Airways ends United Airlines merger talks

US Airways ends United Airlines merger talks

23 April 2010 Airline News

In what has been a turbulent week for aviation in the United States, US Airways has called off merger talks with United Airlines. American and Continental airlines both reported financial losses, while transportation secretary Ray LaHood also confirmed new limits to tarmac waiting times would come into force.

No such thing as a free lunch with Continental

No such thing as a free lunch with Continental

16 March 2010 Airline News

Continental Airlines has confirmed it will follow a host of other American carriers, and introduce a paid-for food service on scheduled flights for the first time. All passengers in economy class will now be expected to pay for hot meals, along with those on flights of less than six hours.

Concorde crash inquiry begins in Paris

Concorde crash inquiry begins in Paris

2 February 2010 Airline News

Nearly ten years after the Air France Concorde crash that killed 113 people, five men and Continental Airlines are to stand trial in Paris, accused of responsibility for the disaster that spelt the end of the supersonic plane.

United, Continental and ANA seek trans-Pacific tie-up

United, Continental and ANA seek trans-Pacific tie-up

24 December 2009 Airline News

United, Continental and All Nippon Airways are seeking a three-way tie-up which will enable them to co-ordinate schedules and fares between the US and Japan in a bid to “compete more effectively” with other global airline alliances. The application comes less than a fortnight after an “open skies” agreement between the US and Japan.

Continental Airlines announces exercise of convertible notes over-allotment option

Continental Airlines announces exercise of convertible notes over-allotment option

9 December 2009 Press Release Airline News

Continental Airlines (NYSE:  CAL) today announced that the underwriters of its previously announced convertible note offering have exercised in full their option to purchase additional notes to cover over-allotments in respect of such offering. Continental will issue a total of $230 million in aggregate principal amount of its 4.5% convertible notes due 2015 (including $30 million in aggregate principal amount of notes issued pursuant to the option exercise). The net proceeds to Continental from this offering, after deducting underwriting discounts and estimated offering expenses, will be approximately $224.0 million. The offering is expected to close Dec. 11, 2009, subject to customary closing conditions.