The class B certificate holders have the right to buy all, although not less than all, of the outsta

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Both classes A and B will benefit from a liquidity facility that covers three semi-annual interest payments. In terms of the waterfall, the investor presentation said that interest on the preferred pool balance on the class B certificates is paid ahead of class A certificates principal, which is the same as the firm's previous deal called Continental Airlines cheap international air tickets 2012-1.
The class B certificate holders have the right to buy all, although not less than all, of the outstanding more senior certificate classes at par plus accrued and unpaid interest if certain events happen during a company bankruptcy, the investor presentation said.
Continental will use the proceeds from the offering to buy 21 aircraft. These include financing cheap international air tickets the purchase of 18 new Boeing cheap international air tickets 737-900ER aircraft scheduled for delivery between November 2012 and July 2013 and three new Boeing 787-8 aircraft scheduled for delivery between December 2012 and July 2013.