United Airlines 2007 Annual Report Download - page 25
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Please find page 25 of the 2007 United Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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During 2007, the Company moved approximately 400 management employees, including its senior management, to its new headquarters in downtown
Chicago where the Company has contracted to lease approximately 250,000 square feet of office space. In October 2007, the Company exercised its expansion
option under this lease, expanding its leased premises from the current six floors to a total of 11 floors with possession phased in over time.
The Company is continuing the process of relocating employees from several of its other suburban Chicago facilities into either the new headquarters or the
Operations Center consistent with the Company's goals of achieving additional cost savings and operational efficiencies.
The Company's Maintenance Operation Center at SFO occupies 130 acres of land, 2.9 million square feet of floor space and 9 aircraft hangar bays under a
lease expiring in 2013.
United's off-airport leased properties historically included a number of ticketing, sales and general office facilities in the downtown and suburban areas of
most of the larger cities within the United system. As part of the Company's restructuring and cost containment efforts, United closed, terminated or rejected all
of its former domestic city ticket office leases. United continues to lease and operate a number of administrative, reservations, sales and other support facilities
worldwide. United continuously evaluates opportunities to reduce or modify facilities occupied at its airports and off-airport locations.
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Source: UNITED AIR LINES INC, 10-K, February 29, 2008