Continental Airlines said it plans to offer $750 million of senior secured notes due in 2015. The notes will be guaranteed by its Air Micronesia and Continental Micronesia subsidiaries and secured by certain routes, airport slots and gate leaseholds utilized in connection with the routes. Approximately $350 million of the proposed offering will be used to retire an existing secured loan facility that is due in June 2011 with the remainder dedicated to general corporate purposes. ANA is ...

Subscribe to Access this Entire Article

"Airline News" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.