Continental's incoming CEO on alliances, biofuels

Jeff Smisek, soon to take over as CEO of Continental Airlines, says last week's switch to the Star Alliance leaves Continental better positioned in Asia and provides many of the benefits of a merger without the attendant risks. Smisek tells The Telegraph of London that oil price swings continue to be a major concern and that commercially viable biofuels remain one of the industry's great hopes. "You must have air transportation, and it will always exist," he says. "The question is how large will that industry be? At high fuel prices, it will be much smaller."

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