Continental Airlines said it is notifying holders of the $174,950,000 outstanding principal amount of its 5% Convertible Notes due 2023 that they have an option under the terms of the notes to require CO to purchase some or all of them on June 15 at par plus any accrued and unpaid interest to June 15. The airline has the option to buy back the notes with cash, stock, or a combination of the two, and has elected to pay in cash. SilkAir commenced daily service between Singapore and ...

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