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UNITED AIRLINES WINS TENTATIVE U.S. GOVERNMENT APPROVAL FOR PURCHASE OF PAN AM LATIN AMERICAN ROUTES

 UNITED AIRLINES WINS TENTATIVE U.S. GOVERNMENT APPROVAL
 FOR PURCHASE OF PAN AM LATIN AMERICAN ROUTES
 CHICAGO, May 15 /PRNewswire/ -- United Airlines announced today it has received tentative approval from the U.S. Department of Transportation (DOT) for the airline's $135 million acquisition of the Latin American routes and other assets of Pan American World Airways.
 "DOT approval will allow United to continue implementing competitive new scheduled service between the United States and major business and leisure destinations in Latin America," said Stephen M. Wolf, chairman and chief executive officer.
 "This order paves the way for the full integration of United's extensive route network over five continents, encompassing Asia, Australia, Europe, North America and South America," Wolf said.
 "The synergies of United's route network also will permit us to make an even greater contribution in terms of U.S. competitiveness abroad. This is an area of foreign trade in which U.S. carriers are setting new standards for America's ability to compete aggressively and effectively in international markets," Wolf added.
 United acquired the Pan Am routes in competition with other carriers in an auction conducted Dec. 9, 1991, under the auspices of the U.S. Bankruptcy Court in New York.
 The assets United acquired encompass a network of international routes to Central and South America, rights to serve points in the Caribbean, the Miami-Paris route and certain airport takeoff/landing slots at Chicago's O'Hare International Airport, New York's Kennedy and La Guardia airports and


Washington, D.C.'s National Airport.
 United began flights to Latin America Jan. 15, under exemption authority granted by the DOT. Since that date, the airline has inaugurated service to nine cities in Central and South America: Buenos Aires, Argentina; Caracas, Venezuela; Guatemala City, Guatemala; Montevideo, Uruguay; Port of Spain, Trinidad; Rio de Janeiro and Sao Paulo, Brazil; San Jose, Costa Rica; and Santiago, Chile.
 The DOT order provides for a comment period before the approval will become final.
 -0- 5/15/92
 /CONTACT: Lynn Martenstein, 708-952-4933, or Joe Hopkins, 708-952-5770 (night, 708-952-4088); or investor contact, Ann Thoma, 708-952-7501, all of United Airlines/
 (UAL) CO: United Airlines ST: Illinois IN: AIR SU:


KD -- NY110 -- 1003 05/15/92 17:48 EDT
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Publication:PR Newswire
Date:May 15, 1992
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