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UAL CORPORATION RESPONDS TO RECENT MEDIA REPORTS

 CHICAGO, Nov. 4 /PRNewswire/ -- In response to media reports regarding discussions between UAL Corporation (NYSE: UAL) and the United Airlines Union Coalition concerning a possible stake in the company, UAL Corporation issued the following statement:
 "We have been working with representatives of the Coalition in a spirit of exceptional cooperation to return the company to profitability. These efforts have focs?ed on improving United's competitiveness through a transaction that would involve the acquisition of majority ownership of UAL by its employees in exchange for wage and benefit concessions.
 "While many concepts have been discussed, and the company remains committed to responding to all Coalition initiatives, no definitive proposal has yet been presented. Additionally, no assurances can be given that any transaction, if presented, will be concluded."
 -0- 11/4/93
 /CONTACT: UAL Corporate Communication: John Kiker, 708-952-4162, or Joe Hopkins, 708-952-5770, or Tony Molinaro, 708-952-4971; or Investor Relations Contact: Pamela Hanlon, 708-952-7501/
 (UAL)


CO: UAL Corporation; United Airlines Union Coalition ST: Illinois IN: AIR SU:

LD -- NY127 -- 1015 11/04/93 18:48 EST
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Publication:PR Newswire
Date:Nov 4, 1993
Words:174
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