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News and Information Article
WASHINGTON, July 20 /-FirstCall/ -- Continental Airlines
(NYSE: CAL) today released the following statement from Jeff Smisek,
president of the company, in response to the Senate Appropriations
Committee vote on the Transportation, Treasury, Housing and Urban
Development Appropriations bill for FY 2007:
"Continental welcomes the Senate Appropriations Committees action to
block the Department of Transportation from implementing its flawed
rulemaking on foreign control of U.S. airlines.
"Today the Senate Appropriations Committee voted three to one to
prohibit the Department of Transportation from using appropriated funds to
finalize or implement its proposed rulemaking on foreign control, just as
the House did, voting two to one, in June.
"Both the Senate and the House have expressed strong bipartisan
opposition to DOTs rulemaking proposal, which would unlawfully give
foreign investors the right to control U.S. airlines. The message has never
been clearer that Congress will stop the Department of Transportation from
implementing its foreign control rulemaking."
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