Aviation Today Free e-Mail Newsletter Free Aviation Job Alerts
Home Aviation Today's Daily Brief Avionics Aviation Maintenance Rotor & Wing Air Safety Week Aircraft Value News
View by Category:  Military | Commercial | Business & General Aviation | Rotorcraft | Air Traffic Control | Maintenance
Advanced Search


Aviation Today Market Leaders
Subscribe
Jobs
Podcasts
Webinars
Videos
Blogs
Databases &
   Buyer's Guides

White Papers/
   Technical Reports/
   Supplements

Research Reports
Article Archives
Press Releases
From the PR Wires
Industry Links



Top Stories
Aviation e-letter
Financial Center
Calendar
Media Kits
About Us
Contact Us
Twitter

Thursday, May 10, 2007

UAL Corporation's Shareholders Re-Elect All Directors at 2007 Annual Meeting

CHICAGO, May 10 /PRNewswire-FirstCall/ -- UAL Corporation (Nasdaq: UAUA), the holding company whose primary subsidiary is United Airlines, announced today that its shareholders re-elected each of United's directors for a one-year term at the Company's 2007 Annual Meeting.

Each of the 10 directors standing for election by the common stockholders of the Company was re-elected:

    --  Richard J. Almeida - retired Chairman and Chief Executive Officer of
        Heller Financial, Inc.
    --  Mary K. Bush - President of Bush International, a global consulting
        firm
    --  W. James Farrell - retired Chairman and Chief Executive Officer of
        Illinois Tool Works, Inc., an engineering components manufacturer
    --  Walter Isaacson - President and Chief Executive Officer of the Aspen
        Institute, an international education and leadership organization;
        former Chairman and Chief Executive Officer of CNN
    --  Robert D. Krebs - retired Chairman and Chief Executive Officer of
        Burlington Northern Santa Fe Corporation
    --  Robert S. Miller - Chairman of Delphi Corporation, a supplier of
        mobile electronics and transportation systems; former Non-Executive
        Chairman of Federal Mogul Corporation, an auto parts supplier, and
        Chairman and Chief Executive Officer of Bethlehem Steel Corporation
    --  James J. O'Connor - retired Chairman and Chief Executive Officer of
        Unicorn Corporation, a holding company, and its wholly owned
        subsidiary, Commonwealth Edison Company
    --  Glenn F. Tilton - Chairman, President and Chief Executive Officer of
        UAL Corporation and its wholly owned subsidiary, United Air Lines,
        Inc.; Vice Chairman of ChevronTexaco Corporation; Chairman of the
        Board and Chief Executive Officer of Texaco, Inc.
    --  David J. Vitale - Senior Advisor to the Chief Executive Officer of the
        Chicago Public Schools and the former Chief Administrative Officer of
        the Chicago Public Schools; former private investor; former President
        and Chief Executive Officer of the Chicago Board of Trade and Vice
        Chairman of the First Chicago NBD Corporation
    --  John H. Walker - former Chief Executive Officer and President of the
        Boler Company, a transportation manufacturer; former Chief Executive
        Officer, President and Chief Operating Officer of Weirton Steel
        Corporation

In addition, holders of two classes of preferred stock -- the Class Pilot MEC Junior Preferred Stock and the Class IAM Junior Preferred Stock -- re-elected incumbents Mark A. Bathurst and Stephen R. Canale as UAL directors. Mr. Bathurst is Chairman of United Airlines ALPA-MEC (Air Line Pilots Association - Master Executive Council) and Captain, United Airbus 320; Mr. Canale is President and Directing General Chairman of the IAM (International Association of Machinists and Aerospace Workers) District Lodge 141.

Glenn F. Tilton, Chairman, President and Chief Executive Officer of UAL Corporation and United Air Lines, Inc., said, "We are pleased that our shareholders re-elected United's world-class board, which comprises recognized business leaders who provide valuable input and oversight."

"We are here today as a much stronger and more competitive company, executing on our performance agenda to optimize revenue, reduce costs and improve the customer experience," Tilton continued. "We have created a solid financial platform for our company. We are generating significant free cash flow, which is important to the future stability of our company, and our ability to succeed in a hyper-competitive environment and navigate the inevitable industry economic downturns."

Tilton also noted that Institutional Shareholder Services (ISS) last week advised United that it outperformed 98 percent of the 8,000 companies ISS reviewed for quality of corporate governance.

Final voting tallies are subject to certification by the Company's inspectors of elections, and will be included in the Company's next quarterly report filed with the Securities and Exchange Commission.

About United

United Airlines (Nasdaq: UAUA) operates more than 3,600* flights a day on United, United Express and Ted to more than 210 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. With key global air rights in the Asia-Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States. United also is a founding member of Star Alliance, which provides connections for our customers to 855 destinations in 155 countries worldwide. United's 55,000 employees reside in every U.S. state and in many countries around the world. News releases and other information about United can be found at the company's Web site at united.com.

    *Based on the flight schedule between Jan. 1, 2007 and Dec. 31, 2007.

    Worldwide Press Office:
    Days: 847.700.5538
    Evenings/Weekends: 847.700.4088

Copyright © 2009 Access Intelligence, LLC. All rights reserved. Reproduction in whole or in part
in any form or medium without express written permission of Access Intelligence, LLC is prohibited.
View Privacy Policy