Latest United Airlines Filing Suggests Headquarters Move Out Of Chicago
Over the summer United Airlines purchased 113 acres in Denver for $33 million. A spokesperson said at the time that the airline would expand their pilot training facility. It doesn’t take over 100 acres for that.
Then at the TD Cowen Global Transportation Conference, United CFO Gerald Laderman said there were “no imminent plans” to move their headquarters, noting that the airline has “a long-term lease at Willis Tower. We’ve been there for decades in Chicago. Denver is like Houston. We have lots of facilities in Houston.” Saying that no move is ‘imminent’ was not a denial.
- They’ve already scaled down their presence in Chicago’s Willis Tower (née Sears Tower).
- Their lease runes into 2032.
- They cannot make an ‘imminent’ move because nothing has been built in Denver yet.
- When Boeing’s tax benefits for…
