Continental Airlines outlined its reorganization.
- Share via
In its federal court plan, the firm said it would pay the company’s creditors in full, including the immediate payment of $85 million. The proposal, filed Monday with U.S. Bankruptcy Judge R. F. Wheless Jr., calls for Continental to pay its secured and unsecured debts within 13 years. Under the proposal, Continental would pay off its secured debts within 10 years and unsecured debts within 12 to 13 years.
