United Continental Holdings
The United Continental Holdings, Inc. ( Ticker Symbol UAL ) was created in 2010 as the holding company as part of the merger process of the two U.S. airlines United Airlines and Continental Airlines and several subsidiaries and has been the parent company of the products resulting from the merger of United Airlines.
Business
The United Continental Holdings was established on 1 October 2010 as a result of the announced on 3 May 2010 merger of United Airlines and Continental Airlines. In fact, it took over United Continental for about 3.2 billion U.S. dollars per share swap. There was thus measured by passenger kilometers, the largest airline in the world. For the merged airline in the name United Airlines, was to keep as a subsidiary of United Continental Holdings, while the name Continental Airlines was abandoned. On 3 March 2012, the last flight of Continental Airlines took place among others in the course of merging the two computer systems; up to the date of the two airlines had been operated as a separate airline under the same roof. The complete financial statements of fusionsgefolgten integration, for example, also in view of the previously working separately flying personnel of the two merged airlines is not planned before 2014. The Company performs the respective assigned by the aviation authority FAA Air Operator Certificate from Continental Airlines and the service station certificate ( repair station certificate ) from United Airlines on. The new corporate logo is a combination of the former UNITED logo of United Airlines and Continental Airlines globe icon.
The United Continental Holding is the legal successor of UAL Corporation, which functioned until 2010 as the parent company of United Airlines. At UAL Corporation were the United Airlines, the regional network of feeder airlines United Express, the cargo division as well as with United Cargo United Services, the division of aircraft maintenance. At Continental Airlines were the same airline, regional composites of feeder airlines Continental Express and Continental Connection, the regional airline and subsidiary Continental Micronesia, based on Guam, the freight division Continental Cargo and its own catering company Chelsea Food Services.
The hubs of the merged company are the airports of Chicago, Cleveland, Denver, Houston, Los Angeles, Newark, San Francisco, Washington DC, Guam and Tokyo.
President ( president ) and CEO of United Continental Holdings since 2010 Jeffrey Smisek, who was CEO of Continental Airlines until its merger. The former CEO of United Airlines, Glenn Tilton, remained until the end of 2012 Chairman of the Board of Directors of UCH ( chairman of the board) and then moved into a supervisory function within the Board ( non-executive chairman ). The end of 2012 took Smisek also the function of the Chairman.
The headquarters of United Continental Holdings was, as it was then the headquarters of United Airlines, the United Building in Chicago, Illinois located. The corporate headquarters of Continental Airlines in Houston was abandoned except for a few remaining departments. In mid-July 2013, the United Building was abandoned. Since then, there is the management of UCH, just as the international headquarters for United Airlines ( headquarters ), in about 1.5 km from Willis Tower, where the operating center ( operations center ) had been hired by United in 2010.