CEO Lawrence Kellner

Continental Airlines Inc. said Wednesday it signed two new partnerships with airlines, a day after it joined the world's largest carrier alliance. Continental, based in Houston, signed deals with Japan's largest domestic airline ANA (All Nippon Airways) and Asiana Airlines, based in Seoul, South Korea. The airlines will cooperate with Continental through code sharing, frequent flyer programs, and passenger lounge access. Code sharing allows passengers to book legs of a flight on different airlines with one ticket. Continental officially switched Tuesday from SkyTeam — led by Delta and Air France-KLM — to the Star Alliance, which includes United, US Airways and Lufthansa. Continental already ... Read Full Story

Chairman and CEO Larry Kellner will leave Continental Airlines Inc. at year-end to return to the private-equity business and will be replaced by company president Jeff Smisek. Continental, the nation's fourth-largest airline, announced the change late Thursday. Kellner, 50, has spent 14 years at Continental, including the last five as CEO. In one of his last achievements, the company this month won antitrust immunity from federal officials for its plan to work closely with United Airlines and other partners in setting prices and schedules for international service. "It is the right time for this transition," Kellner said, citing the antitrust immunity, which he said ... Read Full Story

The chief executive of Continental Airlines Inc. got compensation the company valued at nearly $5 million in 2008, down 17.1 percent from the year before, according to analysis of a regulatory filing Friday. Chairman and CEO Lawrence W. Kellner's salary was cut by 58 percent. But more than half of his 2008 compensation was in the value of stock and option grants, and the company doubled his target share award from the year before. The eventual value of those grants is unclear. Shares of Houston-based Continental were worth 56 percent less Friday than they were when the latest grants were issued in February 2008. ... Read Full Story

Continental Airlines Inc. is looking into a weekend accident in which a flight bound for George Bush International Airport from Denver International Airport went off the runway. The Houston airline’s flight 1404, a Boeing 737-500 aircraft carrying 110 passengers and five crew members, was unable to take off, ran off the runway and caught fire, according to news agencies. About 38 of those on board suffered injuries. Continental (NYSE: CAL) is cooperating with authorities and is in the process of collecting additional information about the Saturday evening accident. Your Ad Here “The care of our passengers, crew and family members is our highest priority ... Read Full Story

Font size: AP Photo A Continental Airlines 737 sit at a gate at Houston's Bush International Airport Tuesday A Continental Airlines 737 sit at a gate at Houston's Bush International Airport Tuesday, Feb. 3, 2009. Continental Airlines Inc. said Tuesday, March 10, 2009, business travel seems to be falling off faster than leisure travel as companies cut travel budgets, and the carrier is cutting 2009 capacity more sharply. (AP Photo/Charlie Riedel) More News Good Governance - priority of the govt. UNLF told to stay off RJD members resign in support of Azheto Dead body recovered at Sewak road Rio condole demise of Late. Kikheho ... Read Full Story