(CHICAGO) Monday, February 18, 2002—United Airlines and UAL Corporation (NYSE:UAL) Chief Executive Officer Jack Creighton today issued the following statement:
“United and the International Association of Machinists District 141M today have reached tentative agreement on a contract with the airline`s mechanics, utility workers, and related employees.
“Our negotiating team and United`s Labor Committee of the Board of Directors have accepted the terms of the IAM`s proposal. With the agreement, our customers can be confident that United will continue to operate without disruption.
“IAM District 141M will forward the details of the tentative agreement to the union`s membership for a vote within the next two weeks.
“Reaching agreement with District 141M is a critical milestone in developing a recovery plan that meets the needs of passengers, preserves jobs, and puts the company on the road to financial stability. I want to thank both negotiating teams for their hard work over the weekend. Their efforts ensure that United`s customers can continue to book and travel on United without hesitation.
“I also want to thank our employees, who have remained singularly focused on running a great operation in the last several weeks. They have posted some of the best on-time performance and lowest cancellation numbers this company has seen. They have really shown their commitment to our customers and this airline.”