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The Houston-based carrier began the first installment on about $925 million owed to creditors, a company spokesman said.
The Chicago bank holding company said it will pay $17.5 million to resolve the final shareholder court action stemming from the company's near-collapse and restructuring in 1984.
Robert F.
flights from John Wayne Airport to Continental Airlines and authorized negotiations with Transtar Airlines Corp. for the remaining two flights.
The Chicago bank, which was teetering on the brink of bankruptcy 16 months ago, said it will pay dividends on two series of its preferred stock, one of which is held entirely by the Federal Deposit Insurance Corp.
Continental Illinois Corp. reported profit increases for the October to December period of 39% and 44%, respectively.
In its federal court plan, the firm said it would pay the company's creditors in full, including the immediate payment of $85 million.
Continental Airlines charged that United Airlines violated antitrust laws by failing to load
Federal Aviation Administration reports on three safety investigations of Continental Airlines
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William K.
The carrier paid a $402,000 fine for alleged safety violations, including improper pilot training, during the airline's rapid growth after a 1983 reorganization.
Jack Maguire, who was president of Continental Telephone Co. when it was developing into one of the
Continental Telecom Inc. said it completed a two-year project to design and install a $58-million
Continental Airlines filed suit Thursday in U.S.
A Continental Airlines jet was grounded Wednesday at Minneapolis-St.