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 great to hear that at least a few airlines out there really do care about their workers enough to invest in them and their future.
"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.
Good Job Continental.Yahoo! News
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