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CONTINENTAL'S FLEET RENEWAL FEATURES BOEING JETLINERS

 SEATTLE, May 12 /PRNewswire/ -- In a major fleet modernization move, Continental Airlines today ordered 92 Boeing jetliners and became the latest customer for both Boeing wide-body twinjets, the 767 and Boeing's newest aircraft, the 777, according to Boeing Commercial Airplane Group. The order is valued at approximately $4.5 billion.
 Included in today's announcement are 50 model 737s with options for another 50, 25 twinjet 757s with options for 25 more, 12 of the wide- body 767-300ERs with options for another 18, and five 777Bs with options for an additional five. Seventy-five of the planes -- the 737s and the 757s -- in today's announcement are replacements of previously announced orders.
 The order was announced by Richard Albrecht, Boeing Commercial Airplane Group executive vice president, and by Robert R. Ferguson III, Continental president and chief executive officer. Also present were John Luth, Continental senior vice president-restructuring; John Cheffins, Rolls-Royce director of civil engines; and Frank K. Byrd, vice president (GETSCO) and general manager of North American airline sales for General Electric.
 Ferguson said the Houston-based carrier decided to select Boeing aircraft to replace its existing fleet after "long and detailed studies of Continental's requirements.
 "We are delighted to announce this major step for Continental," Ferguson said. "These Boeing aircraft will allow us to replace aircraft now in our fleet with planes that will give our passengers the highest levels of comfort and reliability, both of which are critical to our success."
 Continental is one of the world's largest carriers, operating an extensive route network throughout the United States and to 57 international destinations in Europe, Mexico, Canada, Central America and Asia-Pacific.
 Boeing's Albrecht said, "Continental's decision to rely on our planes for fleet modernization is a sign of the industry's improving health as well as a strong endorsement of our products. We see this as a reestablishment of a long-term relationship, and we look forward to a strong future with Continental."
 Continental's 757s will be powered by Rolls Royce RB211 engines. Its 737s will have CFM56-3 engines built by CFM International, a partnership of General Electric of the United States and SNECMA of France. The 767-300ERs will be powered by General Electric CF6-80C2 engines. Continental's 777s, which will be the "B" model, longer range version of that plane, will have General Electric GE 90-B4 series engines.
 Today's announcement brings Boeing's 1993 orders to 107 jetliners valued at $6.51 billion.
 Boeing total orders for aircraft models covered by today's announcement stand at:
 -- 737 orders = 3,044 (no change from previous total)
 -- 757 orders = 822 (no change from previous total)
 -- 767 orders = 650
 -- 777 orders = 123
 -0- 5/12/93
 /CONTACT: Randy Harrison of Boeing Commercial Airplane Group, 206-234-9333/
 (BA)


CO: Boeing Commercial Airplane Group; Continental Airlines ST: Washington IN: AIR SU: CON

LM -- SE001 -- 7507 05/12/93 11:03 EDT
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Publication:PR Newswire
Date:May 12, 1993
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