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The report estimated that United could generate billions of dollars, and nearly double its stock price, by unloading such assets as its frequent-flier program, real estate and some international routes.
http://www.chicagotribune.com/business/chi-thu_unitedaug23,0,3679316.story
Chicago-based United earlier this year hired McKinsey and Co. to draw up strategic options for its maintenance, repair and overhaul operations, which employ about 5,500 mechanics and handle much of the airline's routine repair work as well as maintenance for about 150 other carriers.
Entering into such a joint venture could help United raise hundreds of millions of dollars from outside investors
The San Francisco Mayor, Gavin, and the Governator, must be real happy now. They fought long and hard to bring in hundreds of low paying jobs (Virgin America) and now they might lose 3000 good paying jobs (UAL MX SFO).
Does anyone remember the huge MX facility in IND that UAL had. I had a couple of friends move their families out there, only to lose those jobs.
Why does anyone want to work for ANY airline? Oh yeah, the free travel benefits.