united returns 56 million to chicago
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

United returns $5.6 million to Chicago

Arab Today, arab today

Arab Today, arab today United returns $5.6 million to Chicago

Chicago - UPI

United Airlines said it would give up $15.3 million in business incentive funding from the city of Chicago. The airline will return $5.6 million and give up getting $9.7 million. Both sums are incentives offered by Chicago that are tied to the airline keeping its offices in the city and reaching certain business targets. The airline is consolidating its headquarters at Willis Tower, which involves moving some personnel from an office complex several blocks away. Both locations are in Chicago, but the $5.6 million was tied to the first location, which the company is abandoning, the Chicago Tribune reported Monday. The airline had the $5.6 in hand but it was questionable whether it would have qualified to receive the additional $9.7 million, the airline said. "We were unlikely to ever realize the incremental $9.7 million anyway because of our improving fuel efficiency and reduced capacity," said Christen David, an airline spokeswoman. "Since we are vacating 77 West Wacker, which we redeveloped with the help of city economic incentives, we feel it is appropriate to return the funds we used for that redevelopment," David said. The airline had met its obligations for the $5.6 million and it was not technically necessary that it return the money, the Tribune said. That makes it an especially surprising move, given the tight business environment for airlines in recent years. "I commend United Airlines on an incredible act of corporate citizenship that speaks to the unique role Chicago's business community plays in the future of the city," Mayor Rahm Emanuel said in a statement.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

united returns 56 million to chicago united returns 56 million to chicago

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

united returns 56 million to chicago united returns 56 million to chicago

 



GMT 22:10 2017 Friday ,27 October

Zayed University showcases student accomplishments

GMT 20:26 2017 Thursday ,24 August

Tennis - Raonic out of US Open with wrist injury

GMT 23:55 2017 Thursday ,13 July

President of Moldova receives UAE Foreign Minister

GMT 15:46 2017 Thursday ,26 January

Egyptian financial policy needs a review

GMT 11:10 2016 Tuesday ,16 February

Grammys red carpet top takeaways

GMT 03:37 2017 Saturday ,08 April

Textbooks spell testing times

GMT 12:55 2017 Wednesday ,15 February

Gore Verbinski -- born to be a horror director

GMT 10:43 2017 Tuesday ,05 September

Evergreen Nadal settles for timeless not forever young
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday