US - Continental Airlines announced yesterday it would pump US$71m into its pension plans, bringing the company's total contributions since 2002 to $1.2bn.
Continental CEO Larry Kellner said the latest contribution "significantly exceeded" the minimum funding requirement applicable to the airline's plans.
"This is another step that demonstrates our commitment to meeting our pension obligations," said Kellner.
The news comes just one month after American Airlines made an additional US$100m contribution to its employees' defined benefit pension plan on top of the $223m minimum required pension funding obligations for 2006.
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