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ExpressJet announces termination of Continental Airlines' proposed public offering of ExpressJet Stock

Houston, Usa - Continental ownership of ExpressJet is expected to fall to 45%

ExpressJet Holdings today announced that Continental Airlines terminated its recently announced offer to sell 5 million shares of common stock of ExpressJet as selling stockholder in a registered public offering. In a separate release, ExpressJet announced that it has priced its 144A private offering of USD 125m aggregate principal amount of convertible notes, the proceeds of which will be used by...

fra/pec - 48579
Rome, Italy, 07/31/2003 11:56
AVIONEWS - World Aeronautical Press Agency

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