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UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. UAL held a 100 percent controlling interest in United Airlines, Inc. , one of the world's largest air carriers, and is a founding member of the Star Alliance .
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United Airlines Holdings, Inc. (formerly known as United Continental Holdings, Inc., UAL Corporation, Allegis Corporation and founded originally as UAL, Inc. [3]) is a publicly traded airline holding company headquartered in the Willis Tower in Chicago. [4] UAH owns and operates United Airlines, Inc.
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However, after being in existence for less than one year as a UAL subsidiary, and before its first commercial flight, Avolar was shut down by the parent company, UAL Corporation. In a statement issued on March 22, 2002, United Airlines stated that the then "economic downturn and post-Sept. 11 drop in demand made this venture unprofitable."