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UAL Corp pulls the plug on Avolar

Chicago, Usa - After halting efforts to find outside investors

United Airlines parent UAL Corp announced last March, it is closing down Avolar, its Chicago-based subsidiary. This decision has been taken little more than a week after halting efforts to find outside investors for a majority share on its business aviation venture. UAL initially earmarked USDm 250 for the Avolar project, originally named United BizJet Holding. Ambitious plans included a variety...

AVIONEWS - World Aeronautical Press Agency - 26861

AVIONEWS - World Aeronautical Press Agency
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