UAL Corporation is an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. UAL owns and operates United Air Lines, Inc., one of the world's largest air carriers.
UAL, Inc., as the company was first known, 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. UAL, Inc. was the creation of the...
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UAL Corporation is an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. UAL owns and operates United Air Lines, Inc., one of the world's largest air carriers.
UAL, Inc., as the company was first known, 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. UAL, Inc. was the creation of then United Air Lines president George Keck, who formed the holding company to allow United to diversify.
Between 1970 and 1988 UAL, Inc. would acquire and operate the Westin and Hilton hotel chains and the Hertz Corporation car rental company, as well as a regional airline, a reservations network, and several leasing and insurance companies. On April 30, 1987 UAL, Inc. changed its name to Allegis Corporation. Many Wall Street analysts however believed that Allegis' profitable subsidiaries were worth more individually than the parent company's...
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