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Continental Airlines Announces intention to sell USD 200m of ExpressJet shares

Houston, Usa – Continental Inc. reduces its ownership below 40%

Continental Airlines Inc., the world's seventh-largest airline with 2,300 daily departures, today announced that it expects to sell an aggregate of approximately USD 200m of shares of common stock of ExpressJet Holdings Inc., thereby reducing its ownership of ExpressJet from 53.1% to approximately 37.5% This sale is expected to consist of two transactions: a sale by Continental directly to ExpressJet...

fra/pec - 48480
Rome, Italy, 07/29/2003 16:41
AVIONEWS - World Aeronautical Press Agency

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