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UNITED
STATES
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): July 3,
2007
UAL
CORPORATION
(Exact
name of registrant as specified in its charter)
|
Delaware
|
001-06033
|
36-2675207
|
|
(State
of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification Number)
|
77
W. Wacker Drive, Chicago, IL 60601
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (312)
997-8000
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|
£
|
Written
communications pursuant to Rule 425 under the Securities
Act
|
|
£
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange
Act
|
|
£
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act
|
|
£
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act
|
Item
8.01. Other Events.
On
July
3, 2007, United Air Lines, Inc. (“United”), a wholly-owned subsidiary of UAL
Corporation, entered into a Stock Purchase Agreement (the “Purchase Agreement”)
between United and certain other major air carriers as sellers (the “Sellers”),
ARINC Incorporated, a Delaware corporation (“ARINC”), and Radio Acquisition
Corp., an affiliate of The Carlyle Group, as the purchaser (the
“Purchaser”). ARINC is a provider of transportation communications
and systems engineering. The Sellers collectively hold more than 90%
of the common stock of ARINC. Under the Purchase Agreement, United
and the other Sellers have agreed to sell to the Purchaser all of the common
stock held by the Sellers in ARINC. The sale of ARINC to the
Purchaser is expected to close prior to October 31,
2007. United expects to receive, upon closing, proceeds of more
than $125 million for its ARINC shares, and to record a gain on such sale
of
more than $40 million. The closing of the transaction is
subject to the satisfaction of a number of conditions, many of which are
beyond
United’s control, and no assurance can be given that such closing will
occur.
.
SIGNATURES
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 hereunto
duly
authorized.
UAL
CORPORATION
By:
/s/ Paul R. Lovejoy________
Name:
Paul R. Lovejoy
Title:
Senior
Vice
President,
General
Counsel & Secretary
Date:
July 5, 2007