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December 22, 2004

Bye-Bye Bethune

Continental CEO To Leave Next Week

Gordon Bethune steps down as chief of Houston-based Continental Airlines next week, leaving the company in about the same shape it was in when he took the reigns ten years ago. For instance, USA Today reports, losses are on the rise. The availability of cash is fast becoming a worry and the airline industry as a whole is suffering the worst churn it's seen since deregulation. But in spite of all that, Bethune told the nationwide newspaper, ""We've got, I think, a company that works."

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Boeing Ships First Parts for 747-400 Special Freighter Program

They're Headed For China

Boeing employees recently shipped components that a supplier partner in China will use to convert the prototype Boeing 747-400 Special Freighter.

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