Continental Airlines Announces New Service From Houston Hub to Auckland, New
First route worldwide to be announced for the new Boeing 787 Dreamliner
HOUSTON, May 26
HOUSTON, May 26 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL)
today announced another major step in development of its Houston hub with
plans to begin nonstop Boeing 787 flights to Auckland, New Zealand on Nov. 16,
2011 (subject to government approval).
Auckland will be added to the 63 international destinations that Continental
currently serves nonstop from Houston, and will become the 26th destination in
Continental's Pacific network. Continental serves more destinations in the
Pacific region than any other U.S. carrier.
Continental will be one of just three airlines flying nonstop between North
America and New Zealand. At approximately 7,400 miles, the new route will be
the longest from Continental's Houston hub. Continental plans to operate the
route on a daily basis, with five-times-weekly service during certain periods
in the first year of operation.
On May 3, Continental announced that it has agreed to merge with United
Airlines in a merger of equals to create the world's leading airline. The
success of the Houston-Auckland route will be enhanced by the additional
traffic flows through Houston that are expected to result from the merger.
First 787 Route Announcement
Continental is the first airline in the world to formally announce specific,
initial route plans for its Boeing 787 Dreamliner fleet. The airline has firm
orders for 25 Dreamliners. The 787 is a new-technology composite aircraft
with lower operating costs, better environmental performance and an improved
cabin environment for customer comfort. Deliveries to Continental are
expected to begin in August 2011. The aircraft will have 228 seats, including
36 of Continental's new flat-bed BusinessFirst seats for the best rest on
Today Continental also unveiled a modernized and expanded customer check-in
facility in Terminal C at its Houston hub at Bush Intercontinental Airport.
"Our new route to Auckland and our new and upgraded facilities at IAH are
tangible examples of the emphasis we place on continuing to expand Houston's
role in domestic and international aviation," said Jeff Smisek, Continental's
chairman, president and CEO. "This hub has ongoing growth opportunities
because it has a strategic location, space for expansion, support from the
community and an excellent team of Continental co-workers who deliver our
clean, safe and reliable service."
"This new flight betweenHouston and Auckland shows how the Dreamliner will
create new opportunities to connect global marketsthat currently are not
being served,"said Mario Diaz, Houston Airport System director of aviation.
"As the largest hub for Continental, George Bush Intercontinental Airport is
honored to be selected as the launch pad for the Continental Boeing 787."
Convenient Connecting Flights
The Houston-Auckland route will benefit from connecting traffic at both ends.
Continental's Houston hub will draw passengers from throughout North America.
In addition, Houston will be a very competitive connecting hub for travelers
on itineraries between Europe and Auckland.
Auckland is home to Air New Zealand, one of the 27 carriers including
Continental which are members of Star Alliance. Air New Zealand and its
regional airline partners offer service to 20 destinations in New Zealand and
seven in Australia, including Adelaide, Brisbane, Cairns, Coolangatta (Gold
Coast), Melbourne, Perth and Sydney.
Following is the preliminary schedule for the new service, planned to take
effect Nov. 16, 2011. Continental will begin taking reservations and selling
tickets on the new route later this year.
Leave Houston Arrive Auckland Leave Auckland Arrive Houston
11:50 a.m. (same
Summer 9:30 p.m. 5:10 a.m. (2 days later) 3:40 p.m. day)
11:55 a.m. (same
Winter 9:10 p.m. 6:55 a.m. (2 days later) 5:55 p.m. day)
About Auckland and New Zealand
Auckland's waterside location has fostered the locals' love affair with the
sea, earning this place the nickname "City of Sails." The city sprawls over a
narrow isthmus between the waters of the Waitemata and Manukau Harbours. A
cloak of rainforest covers the surrounding hills, dozens of dormant volcanic
cones dot the landscape and inviting islands are scattered throughout the vast
Hauraki Gulf. Two of the best island getaways are Waiheke Island and Great
Auckland's heart beats to a Polynesian rhythm, its people a melting pot of
European, South Pacific and Asian cultures and a strong indigenous Maori
heritage. This diversity brings with it an abundance of unique dining and
Auckland's temperate climate, easy access to the coast and variety of
activities earn the city consistent "top five" rankings in international
New Zealand's awesome landscapes, lush forests, amazing wildlife and pleasant
climate make it a haven for many outdoor activities, and a great place to
unwind. New Zealand society is diverse, sophisticated and multicultural and
the Kiwi people are known for their honesty, friendliness and openness. A
great advantage of New Zealand is that all of its diverse physical, cultural
and artistic landscapes are so close to each other.
Continental Airlines is the world's fifth largest airline. Continental,
together with Continental Express and Continental Connection, has more than
2,700 daily departures throughout the Americas, Europe and Asia, serving 132
domestic and 137 international destinations. Continental is a member of Star
Alliance, which overall offers more than 21,050 daily flights to 1,167
airports in 181 countries through its 27 member airlines. With more than
40,000 employees, Continental has hubs serving New York, Houston, Cleveland
and Guam, and together with its regional partners, carries approximately 63
million passengers per year.
Continental consistently earns awards and critical acclaim for both its
operation and its corporate culture. For nine consecutive years, FORTUNE
magazine has ranked Continental as the top U.S. airline on its "World's Most
Admired Companies" airline industry list. For more company information, go to
Important Information For Investors And Stockholders
This communication does not constitute an offer to sell or the solicitation of
an offer to buy any securities or a solicitation of any vote or approval. The
proposed merger of equals transaction between UAL Corporation ("UAL") and
Continental Airlines, Inc. ("Continental") will be submitted to the respective
stockholders of UAL and Continental for their consideration. UAL will file
with the Securities and Exchange Commission ("SEC") a registration statement
on Form S-4 that will include a joint proxy statement of Continental and UAL
that also constitutes a prospectus of UAL. UAL and Continental also plan to
file other documents with the SEC regarding the proposed transaction.
INVESTORS AND SECURITY HOLDERS OF CONTINENTAL ARE URGED TO READ THE JOINT
PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED
WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. Investors and stockholders will be able to obtain free copies of
the joint proxy statement/prospectus and other documents containing important
information about UAL and Continental, once such documents are filed with the
SEC, through the website maintained by the SEC at http://www.sec.gov . Copies
of the documents filed with the SEC by UAL will be available free of charge on
UAL's website at www.united.com under the tab "Investor Relations" or by
contacting UAL's Investor Relations Department at (312) 997-8610. Copies of
the documents filed with the SEC by Continental will be available free of
charge on Continental's website at www.continental.com under the tab "About
Continental" and then under the tab "Investor Relations" or by contacting
Continental's Investor Relations Department at (713) 324-5152.
UAL, Continental and certain of their respective directors and executive
officers may be deemed to be participants in the solicitation of proxies from
the stockholders of Continental in connection with the proposed transaction.
Information about the directors and executive officers of Continental is set
forth in its proxy statement for its 2010 annual meeting of stockholders,
which was filed with the SEC on April23, 2010. Information about the
directors and executive officers of UAL is set forth in its proxy statement
for its 2010 annual meeting of stockholders, which was filed with the SEC on
April 30, 2010. These documents can be obtained free of charge from the
sources indicated above. Other information regarding the participants in the
proxy solicitation and a description of their direct and indirect interests,
by security holdings or otherwise, will be contained in the joint proxy
statement/prospectus and other relevant materials to be filed with the SEC
when they become available.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995 that are not limited to historical facts, but reflect Continental's and
UAL's current beliefs, expectations or intentions regarding future events.
Words such as "may," "will," "could," "should," "expect," "plan," "project,"
"intend," "anticipate," "believe," "estimate," "predict," "potential,"
"pursue," "target," "continue," and similar expressions are intended to
identify such forward-looking statements. These forward-looking statements
include, without limitation, Continental's and UAL's expectations with respect
to the synergies, costs and other anticipated financial impacts of the
proposed transaction; future financial and operating results of the combined
company; the combined company's plans, objectives, expectations and intentions
with respect to future operations and services; approval of the proposed
transaction by stockholders and by governmental regulatory authorities; the
satisfaction of the closing conditions to the proposed transaction; and the
timing of the completion of the proposed transaction.
All forward-looking statements involve significant risks and uncertainties
that could cause actual results to differ materially from those in the
forward-looking statements, many of which are generally outside the control of
Continental and UAL and are difficult to predict. Examples of such risks and
uncertainties include, but are not limited to, (1) the possibility that the
proposed transaction is delayed or does not close, including due to the
failure to receive required stockholder or regulatory approvals, the taking of
governmental action (including the passage of legislation) to block the
transaction, or the failure of other closing conditions, and (2) the
possibility that the expected synergies will not be realized, or will not be
realized within the expected time period, because of, among other things,
significant volatility in the cost of aircraft fuel, the high leverage and
other significant capital commitments of Continental and UAL, the ability to
obtain financing and to refinance the combined company's debt, the ability of
Continental and UAL to maintain and utilize their respective net operating
losses, the impact of labor relations, global economic conditions,
fluctuations in exchange rates, competitive actions taken by other airlines,
terrorist attacks, natural disasters, difficulties in integrating the two
airlines, the willingness of customers to travel by air, actions taken or
conditions imposed by the U.S. and foreign governments or other regulatory
matters, excessive taxation, further industry consolidation and changes in
airlines alliances, the availability and cost of insurance and public health
UAL and Continental caution that the foregoing list of factors is not
exclusive. Additional information concerning these and other risk factors is
contained in Continental's and UAL's most recently filed Annual Reports on
Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports
on Form 8-K, and other SEC filings. All subsequent written and oral
forward-looking statements concerning Continental, UAL, the proposed
transaction or other matters and attributable to Continental or UAL or any
person acting on their behalf are expressly qualified in their entirety by the
cautionary statements above. Neither Continental nor UAL undertakes any
obligation to publicly update any of these forward-looking statements to
reflect events or circumstances that may arise after the date hereof.
SOURCE Continental Airlines
Contact: Corporate Communications of Continental Airlines, +1-713-324-5080,
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