LYCOS RETRIEVER 
Continental Airlines: Carriers
built 630 days ago
Continental Airlines was one of three carriers (with American Airlines and Delta Air Lines) to sign an exclusivity agreement with Boeing in the late 1990s. When Boeing acquired McDonnell Douglas, the European Union forced Boeing to void the contracts. Both parties have been adhering to the terms under a gentlemen's agreement.
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Continental Airlines is the fifth largest airline in the U.S., offering more than 2,100 departures daily to 122 domestic and 90 international destinations. Operating hubs in New York, Houston, Cleveland and Guam, Continental serves more international cities than any other U.S. carrier, including extensive service throughout the Americas, Europe and Asia. For more information, visit http://www.continental.com .
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Continental Airlines has confirmed another new service for its Cleveland hub. As part of a $50 million expansion plan at the Ohio airport, the carrier is adding a raft of new destinations and switching services from the East Coast.
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Continental Airlines recently announced they have partnered with Sustainable Travel International to launch a voluntary carbon calculation and offset tool through the carrier’s Web site. Travelers booking on Continental.com will be able to calculate their flights carbon footprint and purchase offsets offered by Sustainable Travel International, “including reforestation, renewable energy and energy conservation” programs. Great way to bribe the environment, if that’s your thing.
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Continental Airlines is one of the major US operators serving about 130 national and 125 international destinations. Continental Airlines has hubs in Houston, Cleveland and Newark. Continental operates a fleet ranging from Boeing 777 long haul carrier down to Boeing 737 short haul carrier.
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In 1990, Frank Lorenzo retired after 18 years at the helm of Texas International and later Texas Air and Continental Airlines, selling the majority of his Jet Capital Corporation to Scandinavian Airlines System (SAS). According to William F. Buckley, in his September 17, 1990 article on National Review, the sale to SAS was conditioned on Lorenzo leaving the company. Shortly after Lorenzo left Continental, the airline filed for its second bankruptcy inside of a decade. There were a number of circumstances behind the second bankruptcy, most importantly: Lorenzo had dedicated himself almost full time to Eastern Air Lines acquisition and labor relations issues; the 1990 Iraqi invasion of Kuwait and the resultant Gulf War had prompted a dramatic increase in the price of jet fuel; and People Express had ... been highly leveraged at the time of its merger with Continental, having purchased Frontier Airlines just two years before. In addition to Lorenzo embarking on deals which saddled the airline with other carriers' debts, he also began consolidating the different airlines into one system. That resulted in a fleet comprising numerous aircraft types, evident in the array of liveries in the Continental fleet for years to come.
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