• Most Popular
  • Most Shared

Continental Airlines enters equipment note deal

NEW YORK
Fri Jul 3, 2009 3:49pm EDT

Stocks

   

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.

Wilmington Trust said it will provide corporate trustee services only for the transaction. It is not lending money to Continental.

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.


More from Reuters

Photo

New home sales hit seven-month low

WASHINGTON (Reuters) - Consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, but a surprise drop in new home sales was a reminder that the economic recovery would be bumpy.

» More Top News
A glass of water taken from a residential well after the start of natural gas drilling in Dimock, Pennsylvania, March 7, 2009. Dimock is one of hundreds of sites in Pennsylvania where energy companies are now racing to tap the massive Marcellus Shale natural gas formation. REUTERS/Tim Shaffer

Not in my watershed: NYC

The biggest U.S. city wants the state to ban one of the most promising sources of U.S. energy -- and also one of the most contentious.  Full Article 

Green Business
Cannabis sativa plant is seen in Buenos Aires, August 21, 2009. REUTERS/Enrique Marcarian
Bernd Debusmann:

Obama, drugs, common sense

American attitudes towards drug prohibition – and above all, punitive laws on marijuana – are changing too fast for policymakers and legislators to ignore.  Commentary 

U.S.