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Continental Airlines enters equipment note deal

NEW YORK
Thu Jul 2, 2009 7:10pm EDT

Stocks

   
A Continental Airlines airplane is refueled at its gate at Newark Liberty International Airport in Newark, New Jersey, March 29, 2009. REUTERS/Gary Hershorn

NEW YORK (Reuters) - Continental Airlines Inc (CAL.N) said on Thursday that it made an agreement with Wells Fargo (WFC.N) and Wilmington Trust (WL.N) to finance planes.

In a securities filing, Continental said the agreement provides for future issuance of notes in the amount of $389.7 million to finance 12 owned and five new Boeing (BA.N) planes scheduled for delivery from July through September.



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