Continental Airlines Welcomes Senate Appropriations Committee Vote Blocking Foreign Control of U.S. Airlines
WASHINGTON – Continental Airlines (NYSE: CAL) today released the following statement from Jeff Smisek, president of the company, in response to the Senate Appropriations Committee vote on the Transportation, Treasury, Housing and Urban Development Appropriations bill for FY 2007:
„Continental welcomes the Senate Appropriations Committee’s action to block the Department of Transportation from implementing its flawed rulemaking on foreign control of U.S. airlines.
„Today the Senate Appropriations Committee voted three to one to prohibit the Department of Transportation from using appropriated funds to finalize or implement its proposed rulemaking on foreign control, just as the House did, voting two to one, in June.
„Both the Senate and the House have expressed strong bipartisan opposition to DOT’s rulemaking proposal, which would unlawfully give foreign investors the right to control U.S. airlines. The message has never been clearer that Congress will stop the Department of Transportation from implementing its foreign control rulemaking.“
SOURCE Continental Airlines
-0- 07/20/2006
/CONTACT: Corporate Communications of Continental Airlines,
+1-713-324-5080, or corpcomm@coair.com /
/Web site: http://www.continental.com
http://www.continental.com/company/news /
(CAL)
CO: Continental Airlines
ST: Texas, District of Columbia
IN: AIR TRA LEI
SU: EXE LEG
AP-GN
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