Continental Airlines, Inc. (NYSE: CAL) announced that it is contributing $70 million to its pension plans.
HOUSTON – The contribution will bring its 2006 pension contributions to $246 million to date. This contribution exceeds the minimum funding requirement applicable to Continental’s plans.
„It is important to us that we meet our pension obligations,“ said Continental Chairman and CEO Larry Kellner. „I’m pleased that we have achieved a solid record for making our required contributions — plus some. Today’s contribution clearly shows the value we place on protecting our co- workers‘ futures.“
Since the beginning of 2002, Continental has contributed more than $1.1 billion to its pension plans.
SOURCE Continental Airlines, Inc.