Continental Air Lines, Inc.
| Company Deal | 1,250,000 shares capital stock (par value $.50 per share) |
|---|---|
| Transaction Type | Capital Stock |
| Deal Description | Continental Air Lines, Inc., added the net proceeds from this transaction to the company's general funds. Such funds, together with additional funds, were used for the acquisition of subsonic flight equipment and new ground facilities. In addition, the company expected to spend funds in connection with hotel operations. |