Continental Airlines Chairman and CEO Larry Kellner will leave the airline at year end after five years at the helm and 14 with the Houston-based carrier and will be succeeded by President and COO Jeff Smisek, CO announced late yesterday. Fresh off the US Dept. of Justice's decision to grant CO antitrust immunity with its future Star Alliance partners (ATWOnline, July 13), Kellner said yesterday that "it is the right time for this transition" back to private equity, which will see him head a ...

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