• 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.

Deals

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.
Deals


More from Reuters

Photo

Home prices flat after five months of gains

NEW YORK (Reuters) - U.S. home prices were unchanged in October, according to the widely watched Standard & Poor's/Case-Shiller indexes released on Tuesday, indicating stabilization in the hard-hit housing sector though the figures dashed hopes for a sixth straight monthly increase.

» More Top News
An employee swipes a customer's credit card through the card reader at a restaurant in Tokyo February 19, 2005.REUTERS/Issei Kato

Taking a swipe at credit cards

New legislation meant to protect consumers could be a "game changer" for the industry -- and not in a good way.  Full Article 

Economy
A traveller lifts her arms as she stands in the new security scan at Schiphol airport, Netherlands, May 15, 2007.REUTERS/Jerry Lampen

Are you ok getting "naked"?

Full-body scanners can detect weapons under clothing but also expose passengers to operators. Should security trump privacy?  Full Article | Video 

U.S.