Continental in leasing rethink

1995-07-19T00:00:00

CONTINENTAL Airlines has renegotiated the leases on most of the 35 aircraft (mainly Airbus A300s) grounded in January in a move to cut capacity. The aircraft have been returned to lessors, but Continental will save $152 million in 1995 and 1996, eliminate substantial operating-lease payments after 1996, and defer certain ...

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