A judge OKd Continental’s plan of reorganization.

In Houston, U.S. Bankruptcy Judge T. Glover Roberts approved the plan that will allow the carrier to emerge from bankruptcy in 60 days. The plan calls for Houston-based Continental to pay $115.4 million to about 30 banks holding unsecured claims and pay $50.6 million in employee claims. Continental also will pay American Airlines $50,000. Other payments include $23.7 million to Swissair.