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United Continental Holdings, Inc. engages in the operation of its wholly-owned subsidiary United Airlines, Inc, which offers satellite based Wi-Fi, including on long-haul overseas routes. It operates through the following geographical segments: Domestic (U.S. and Canada); Pacific; Atlantic; and Latin America. Read More It also transports people and cargo through its mainline and regional operations. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.
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Wall Street JournalMay 24
United Airlines Deepens Commitment to Colombia’s Avianca
United Continental Holdings Inc. UAL -0.15% said it is prepared to lend money to Avianca Holdings SA, AVH 28.57% part of a deal that would sideline the Colombian air carrier’s biggest shareholder and could help solidify the U.S. carrier’s presence in a fast-growing region for air travel. Chicago-based United’s commitment to Avianca under a just-recast board of directors—after the carrier’s biggest investor defaulted on a $456 million loan from United itself—sent the Colombian carrier’s American depository-...
Seeking AlphaMay 24
United Airlines shakes up Avianca leadership, sends stock soaring 30%
Avianca Holdings (NYSE:AVH) skyrocketed 30.7% in today's trade after United Airlines (NASDAQ:UAL) removed top shareholder German Efromovich from controlling the cash-strapped Colombian airline.
United Airlines shakes up Avianca leadership after shareholder default
FILE PHOTO: An Airbus A330 of Avianca airline takes off at the Simon Bolivar airport in Caracas, Venezuela October 23, 2016. REUTERS/Carlos Garcia Rawlins/File Photo (Reuters) - United Airlines launched a management overhaul at Colombia’s Avianca Holdings on Friday, removing top shareholder German Efromovich from controlling the cash-strapped airline, according to regulatory filings. United, which is proposing a three-way joint business agreement with Avianca and Panama’s Copa, said the move follows a def...
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