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UAL Corporation

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UAL Corporation (NASDAQ: [UAUA]) is an airline holding company, incorporated in Delaware with headquarters in Elk Grove, Illinois. The CEO of UAL Corporation since September of 2002 is Glenn Tilton.

History

UAL Corporation was incorporated December 30, 1968 as a Delaware corporation as part of a reorganization of United Airlines, now its largest subsidiary, whose history is considerably longer.

Starting in 1982, in response to the reality of a deregulated airline market place, United attempted to diversify its business to stabilize its finances and make its labor costs competitive with other airlines. It acquired the Westin and Hilton hotel chains and the Hertz Corporation car rental company, and briefly changed its name to Allegis.

The ventures were profitable in 1987 when Allegis divested itself of these other operations.

In December of 2002, UAL and 26 of its subsidiaries filed for Chapter 11 bankruptcy. It emerged on February 1, 2006.

Directors

As of 2005, the directors of UAL Corporation are:

Subsidiaries

As of October 2005, the company's subsidiaries included the following:

External links

 


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