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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
________
Date of Report (Date of earliest event reported): April 21, 1994
UNITED AIR LINES, INC.
(Exact name of registrant as specified in its charter)
Delaware 33-21220* 36-2675206
(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file number) identification no.)
1200 East Algonquin Road
Elk Grove Township, Illinois 60007
(Address of principal executive offices)
Mailing Address: P.O. Box 66100, Chicago, Illinois 60666
Registrant's telephone number, including area code: (708) 952-4000
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* Registrant is the wholly-owned subsidiary of UAL Corporation (File 1-6033).
Registrant became subject to filing periodic reports under the Securities
Exchange Act of 1934 as a result of a public offering of securities which became
effective June 3, 1988 (Registration Nos. 33-21220 and 22-18246).
Page 1 of 5 pages
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ITEM 5. OTHER EVENTS
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The following portions of the Preliminary Proxy Statement/Joint Prospectus
("Preliminary Proxy Statement") which constitutes part of the Registration
Statement on Form S-4 (File No. 33-53107), as amended by Amendment No. 1 thereto
filed by Registrant and UAL Corporation on April 21, 1994, are incorporated
herein by reference and are deemed to comprise this Report on Form 8-K:
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<CAPTION>
Section Heading In Pages deemed
Preliminary Proxy Statement included herein
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<S> <C>
BACKGROUND OF THE PLAN OF
RECAPITALIZATION............................. pp. 4 - 14
SPECIAL FACTORS
Certain Company Analyses.................. pp. 14 - 18
Certain Revenues and Earnings Scenarios... pp. 18 - 19
Effect of the Recapitalization on Income
Statement, Book Equity and Cash Flow.... pp. 19 - 21
Implementation of the "Airline-Within-
an-Airline" (U2)........................ pp. 21 - 23
Unit Costs................................ pp. 24 - 26
Opinion of Valuation Firm................. pp. 34 - 38
Certain Risk Factors...................... pp. 40 - 47
Certain Effects of the Recapitalization... pp. 47 - 48
LITIGATION................................... p. 52
THE PLAN OF RECAPITALIZATION................. pp. 53 - 85
UNAUDITED PRO FORMA FINANCIAL INFORMATION.... pp. 91 - 102
CAPITALIZATION............................... pp. 103 - 104
DESCRIPTION OF SECURITIES
The Debentures............................ pp. 121 - 125
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits
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<CAPTION>
Exhibit No. Description
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<C> <S>
20.1 Preliminary Proxy Statement/Joint Prospectus which
constitutes part of the Registration Statement on Form
S-4 (File No. 33-53107), as amended by Amendment No. 1
thereto filed by Registrant and UAL Corporation on
April 21, 1994, and incorporated herein by reference.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
UNITED AIR LINES, INC.
April 21, 1994 By: /s/ JOHN C. POPE
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John C. Pope
President and
Chief Operating Officer
4
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INDEX TO EXHIBITS
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<CAPTION>
Exhibit No. Description
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<C> <S>
20.1 Preliminary Proxy Statement/Joint Prospectus which
constitutes part of the Registration Statement on
Form S-4 (file No. 33-53107), as amended by
Amendment No. 1 thereto filed by Registrant and
UAL Corporation on April 21, 1994, and
incorporated herein by reference.
</TABLE>
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