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Issuer Free Writing Prospectus
Filed pursuant to Rule 433(d)
Registration No. 333-158781
June 16, 2009
 
Continental Airlines, Inc. (“Continental”)
(NYSE Symbol: CAL)
 
Securities:
Class A Pass Through
Certificates, Series 2009-1
(“Certificates”)
    
 
Amount:
$389,687,000
    
 
CUSIP:
21079TAA6
    
 
ISIN:
US21079TAA60
    
 
Coupon:
9.000%
    
 
Amount Available
under Liquidity
Facility at January 8,
2010:
$51,544,342
  
 
Initial “Maximum
Commitment” under
Liquidity Facility:
$53,289,697
  
 
Public Offering Price:
100%
  
 
Make-Whole Spread
Over Treasuries:
T+75 bps
  
 
Underwriters Purchase
Commitments:
 
Underwriter
Principal Amount
of Certificates
  
 
Morgan Stanley & Co.
Incorporated
$129,895,667
  
 
Goldman, Sachs & Co.
$129,895,667
  
 
Calyon Securities (USA) (Inc.)
$129,895,666
  
 
Underwriting
Commission:
$5,845,305
  
 
Concession to Selling
Group Members:
0.500%
  
 
Discount to
Brokers/Dealers:
0.250%
  
 
Underwriting
Agreement:
June 16, 2009
  
 
Settlement:
July 1, 2009 (T+11) closing date, the 11th business day following the date hereof
  
 
Preliminary
Prospectus
Supplement:
Continental has prepared and filed with the SEC a Preliminary Prospectus Supplement, dated June 16, 2009, which includes additional information regarding the Certificates
  
 
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Morgan Stanley toll-free 1-866-718-1649 (institutional investors).