AIRLINES

Continental Files Reorganization Plan: Continental Airlines Holdings Inc. filed a reorganization plan with the U.S. Bankruptcy Court, Continental’s lawyers said. Details of the plan will not be released until today. The action was the next step toward completion of a deal in which Air Canada and a group of Ft. Worth, Tex., investors would gain a controlling stake in the nation’s fifth-largest airline. A bidding war to invest in Houston-based Continental ended last Monday when Air Canada and its partners were picked by Continental to invest $450 million for a 55% stake in the airline. Continental’s unsecured creditors, who have approved the deal, will get 35.6% of the restructured airline. The deal will take effect when Continental emerges from bankruptcy.