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Avolar

To: AIRLINE@xxxxxxxxxxxxxxxxx
Subject: Avolar
From: Spagiola@xxxxxxxxxxxxx
Date: Fri, 22 Mar 2002 17:15:41 -0500

Well, that didn't last very long....

March 22, 2002--UAL Corporation announced today that the company was closing its
wholly owned subsidiary, Avolar, which it launched last spring to capitalize on
opportunities in the fast-growing fractional-ownership market.

Best regards,
Stefano Pagiola

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