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Avolar is toast

azpilot

Well-known member
Joined
Nov 26, 2001
Posts
376
Total Time
+1
Did they actually hire any crews?

Statement by UAL Corporation Regarding Avolar
CHICAGO--(BUSINESS WIRE)--March 22, 2002--UAL Corporation (NYSE:UAL - news) announced today that the company was closing its wholly owned subsidiary, Avolar, which it launched last spring to capitalize on opportunities in the fast-growing fractional-ownership market.

In making the announcement, United CEO Jack Creighton said, ``Since my arrival in October, we have explored every possible option that would have enabled UAL to benefit from its original investment in this subsidiary. Unfortunately, none of them proved financially viable in the current airline operating environment created by the downturn in the economy and exacerbated by the September 11 terrorist attacks. At this juncture, we believe closing the subsidiary is the most prudent move possible - one that protects United Airlines from further financial exposure, supports United's efforts to pursue its financial stability and recovery, and enables United to focus on its core competencies.''

With the decision, UAL will begin an orderly shutdown of the operation. Customers who signed on for Avolar's fractional jet service are in the process of being notified of the closing.

``We greatly appreciate the tireless efforts and dedication of the employees who helped us launch this subsidiary,'' Creighton says. ``They worked hard to bring the vision of Avolar to life, but were challenged by unfortunate and unexpected circumstances that even their best efforts couldn't overcome.''
 

GuppyPuppy

Living the Dream
Joined
Dec 2, 2001
Posts
803
Total Time
28 yrs
Good Riddance!!!!

AVO-LATER!!!!!!!!!!!!!!

Now let's get back to the core business!!!

Cheers!

GP

Purple is a fruit!
 
3

350DRIVER

Avooooooooooooo Laterrrrrrrrrrrrrrrrrrrrr.....
lets get some "arrogant" comments now by the 60 +'s that thought they were hot sh$t........................ahhhhhh.. what we all thought..... sorry folks!!



<smilin!
 

furloboy

Well-known member
Joined
Jan 2, 2002
Posts
79
Total Time
4800+
"Avooooooooooooo Laterrrrrrrrrrrrrrrrrrrrr.....
lets get some "arrogant" comments now by the 60 +'s that thought they were hot sh$t........................ahhhhhh.. what we all thought..... sorry folks!!"

As opposed to idiotic comments by 1100 hour wonder-turds? Respect your elders.
 

BBJPILOT

Active member
Joined
Mar 24, 2002
Posts
35
Total Time
12000
Now come on. Don't tell me anybody in the Aviation World honestly thought Avolar would ever happen.

Advertising Slogan: "We know our Airline Service Sucks, that's why we want to sell you an airplane so that you get gooood service for only 12 million"

Avolar today, UAL ???
 
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