United Airlines 2008 Annual Report Download - page 29

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and Denver in 2025. The Company also leases approximately 250,000 square feet of office space through
2022 for its corporate headquarters in downtown Chicago.
In January 2009, the Company entered into an amendment to its O’Hare cargo building site lease
with the City of Chicago. The Company agreed to vacate its current cargo facility at O’Hare to allow the
land to be used for the development of a future runway. In January 2009, the Company received
approximately $160 million from O’Hare in accordance with the terms of the lease amendment. In
addition, the lease amendment requires that the City of Chicago provide the Company with another site
at O’Hare upon which a replacement cargo facility could be constructed.
The Company owns a 66.5-acre complex in suburban Chicago consisting of more than 1 million
square feet of office space for its Operations Center, a computer operations facility and a training
center. United also owns a flight training center, located in Denver, which accommodates 36 flight
simulators and more than 90 computer-based training stations. The Company owns a limited number of
other properties, including a crew hotel in Honolulu which is mortgaged.
During 2008, the Company completed its 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 nine aircraft hangar bays under a lease expiring in 2013. The Company
has options to renew the lease through 2023.
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 in bankruptcy 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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