UAL Corporation Comments On Business Jets

Apr 26, 2001, 01:00 ET from UAL Corporation

    CHICAGO, April 26 /PRNewswire/ -- UAL Corporation (NYSE:   UAL), the holding
 company whose primary subsidiary is United Airlines, today commented on
 reports that it is considering entry into the business jet market.  In its
 statement, the company said:
     "A key part of UAL Corporation's strategy is to evaluate new opportunities
 that have potential to enhance shareholder value, provide synergies with its
 existing business and which fulfill the needs of its customers.  Over the past
 several months, UAL has explored several aspects of the business aviation
 market that are important to its premium customers.  These areas include
 fractional ownership of business aircraft, fleet management, business aircraft
 charter, corporate shuttle products, and links between United's mainline
 commercial service and business aviation products outside the United States.
     Many corporations and individuals view these products as a necessary
 supplement to traditional commercial airline service in today's global, high-
 paced business environment.  They are also products with respect to which a
 commercial airline such as United could bring significant operational
 expertise.  At the same time, the individualized customer service requirements
 of the business aviation marketplace encompass a different set of challenges
 than commercial airlines generally face.
     If UAL determines to pursue any such activities, they would be conducted
 in new wholly separate entities in an environment that could blend the
 operational excellence and safety standards of United with the very highest
 standards of customer service consistent, for example, with those found in the
 world's best hotels.
     UAL points out that unless and until any further announcements are made,
 there can be no assurance that such operations will be pursued."
 
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SOURCE UAL Corporation
    CHICAGO, April 26 /PRNewswire/ -- UAL Corporation (NYSE:   UAL), the holding
 company whose primary subsidiary is United Airlines, today commented on
 reports that it is considering entry into the business jet market.  In its
 statement, the company said:
     "A key part of UAL Corporation's strategy is to evaluate new opportunities
 that have potential to enhance shareholder value, provide synergies with its
 existing business and which fulfill the needs of its customers.  Over the past
 several months, UAL has explored several aspects of the business aviation
 market that are important to its premium customers.  These areas include
 fractional ownership of business aircraft, fleet management, business aircraft
 charter, corporate shuttle products, and links between United's mainline
 commercial service and business aviation products outside the United States.
     Many corporations and individuals view these products as a necessary
 supplement to traditional commercial airline service in today's global, high-
 paced business environment.  They are also products with respect to which a
 commercial airline such as United could bring significant operational
 expertise.  At the same time, the individualized customer service requirements
 of the business aviation marketplace encompass a different set of challenges
 than commercial airlines generally face.
     If UAL determines to pursue any such activities, they would be conducted
 in new wholly separate entities in an environment that could blend the
 operational excellence and safety standards of United with the very highest
 standards of customer service consistent, for example, with those found in the
 world's best hotels.
     UAL points out that unless and until any further announcements are made,
 there can be no assurance that such operations will be pursued."
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X27101120
 
 SOURCE  UAL Corporation