CONTINENTAL AIR: Accrues $29Mil Envt’l. Cleanup Costs at June 30

Continental Airlines, Inc., at June 30, 2010, had an accrual for estimated costs of environmental remediation throughout its system of US$29 million, based primarily on third-party environmental studies and estimates as to the extent of the contamination and nature of…

CONTINENTAL AIRLINES: Prevailed in Honeywell Actions on June 15

Continental Airlines, Inc. says that, on June 15, 2009, it received an arbitrator’s decision in its favor, which found that Honeywell International, Inc. is not entitled to indemnification and defense from the Company with respect to claims concerning the U.S.…

CONTINENTAL AIRLINES: May Be Liable for Cleanup Near L.A. Hangar

Continental Airlines, Inc. says that it could be responsible for environmental remediation costs primarily related to solvent contamination on and near a site surrounding its aircraft maintenance hangar in Los Angeles.

In 2001, the California Regional Water Quality Control Board (CRWQCB)…

CONTINENTAL AIRLINES: Accrues $31Mil for Remediation at June 30

Continental Airlines, Inc, at June 30, 2009, had an accrual for estimated costs of environmental remediation throughout its system of US$31 million, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 21, 2009.

This was…