News Release
Continental Express Announces Initial Public Offering
HOUSTON, July 10, 2001 -- ExpressJet Holdings, Inc. (ExpressJet), a wholly owned subsidiary of Continental Airlines (NYSE: CAL), today announced that it filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. ExpressJet wholly owns ExpressJet Airlines, Inc., the regional airline that operates as Continental Express. Salomon Smith Barney Inc., Morgan Stanley & Co. Incorporated, Credit Suisse First Boston Corporation, Goldman, Sachs & Co. and Raymond James & Associates are acting as representatives of the underwriting group for the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. The offering will be made only by means of a prospectus. Once available, preliminary prospectuses may be obtained from Salomon Smith Barney, 388 Greenwich Street, New York, New York, 10013.