Continental Airlines and ExpressJet Reach New Seven-Year Capacity Purchase Agreement

26.06.08 - 21:56 ... source : Continental Airlines

... HOUSTON, June 5 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL) today announced that it has reached a new seven-year capacity purchase agreement with ExpressJet Airlines, Inc. to provide regional jet service for Continental Airlines at rates that are lower than rates under its current agreement and more competitive with those offered by other regional service providers. The new agreement is effective July 1, 2008. The new contract enables Continental to continue to benefit from the excellent service and substantial feed traffic provided by ExpressJet. The base agreement covers flying by ExpressJet of a minimum of 205 regional jets in the first year and a minimum of 190 regional jets thereafter. In addition, ExpressJet has the right to return to Continental 39 Embraer 50-seat regional jets that ExpressJet currently uses for non-Continental contract flying. Continental plans to add ...» Next (HTML)