SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 18, 1997
CONTINENTAL AIRLINES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-09781 74-2099724
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
2929 Allen Parkway, Suite 2010, Houston, Texas 77019
(Address of principal executive offices) (Zip Code)
(713) 834-2950
(Registrant's telephone number, including area code)
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Item 5.Other Events.
On April 18, 1997, Continental Airlines, Inc. issued a press
release, which is filed herewith as Exhibit 99.1 and incorporated
herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, Continental Airlines, Inc. has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
CONTINENTAL AIRLINES, INC.
By /s/ Jeffery A. Smisek
Jeffery A. Smisek
Executive Vice President
April 18, 1997
<PAGE>
Exhibit 99.1
HOUSTON, April 18, 1997 -- Continental Airlines, Inc. (NYSE:
CAI.B and CAI.A) announced today that it has redeemed all
outstanding shares of its Series A 12% Cumulative Preferred Stock
for $47.7 million in cash. This redemption was in accordance with
the terms of the preferred stock and did not involve any redemption
premium. The preferred stock was issued in 1993 to an affiliate of
Air Canada as part of Air Canada's initial investment in the
Company.