Air Transport World

ExpressJet Holdings. (Notes).(reduced its debt to Continental Airlines)(Brief Article)

ExpressJet Holdings, which operates as Continental Express, reduced its debt to Continental Airlines by $50 million and updated its projections for long-term capacity growth and capital expenditures. With the payment, the company's outstanding balance on its note to Continental decreases to $325.5 million. ExpressJet ended the third quarter with $146.8 million in cash following a principal payment of $20 million made during the period ended Sept. …

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