Agreement Signed between Continental and Kingfisher Airlines

Sept. 19, 2007

A comprehensive agreement has been signed between Continental Airlines (NYSE:CAL) and Kingfisher Airlines for frequent flyer and airport lounge access reciprocity and future codesharing.

Daily, nonstop flights are to be launched between New York Liberty and Mumbai on October 1, 2007. In addition, Continental Airlines' OnePass and Kingfisher Airlines' King Club members can earn and redeem miles on all flights operated by the other carrier, including reciprocal airport lounge access for eligible members. The codesharing is to be launched by the end of 2007 with Continental Airlines placing its code (CO*) on Kingfisher Airlines' flights connecting to Continental's daily flights between New York and Delhi, and on the new New York-Mumbai service. A single check in for all flights, issuance of electronic tickets, boarding passes, and checked baggage to the final destination will be possible.

Larry Kellner, Continental Airlines' chairman and CEO, stated, 'We are proud to partner with Kingfisher, who share our commitment to excellent customer service. Our partnership with Kingfisher builds upon our increased service between New York and India.'

Dr.Vijay Mallya, chairman and CEO, Kingfisher Airlines Limited, commented, 'Kingfisher Airlines is very proud to associate with Continental to offer great service to all our guests. The relationship will benefit both the airlines as well as our guests. We value our guests who have been loyal and what better way of expressing our gratitude than to offer them miles redemption on the international sectors with the help of Continental.'

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