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The sale comes after the company sold its business jet unit, Raytheon Aircraft, this year.
The commercial jet unit has shrunk to 66,500 from 93,000.
The driving wheels turn and the jet unit adds propulsion, enabling the craft to climb briskly onto shore.
United created Avolar as a business jet unit in May in an effort to offer alternatives for the business market.
The business jet unit was created to sell the equivalent of "time share" interests in the planes.
UAL also announced that it would close its business jet unit, Avolar, after finding no viable options for the company.
Similar(40)
The board of the UAL Corporation approved plans today for a new business-jet unit that would serve corporate customers and complement its main carrier, United Airlines.
[C7.] The board of UAL approved plans for a new business-jet unit that would serve corporate customers and complement its main carrier, United Airlines.
Excluding $52 million in costs to close Avolar, its business-jet unit, $29 million in proceeds from selling shares of the Cendant Corporation and an accounting change, UAL had a loss of $487 million, or $8.81 a share.
"This team comes hard every time," said Mike DeVito, a defensive tackle who is part of that Jets' unit.
Miami's defense has gained the early glamour this season, but will the Jets' unit respond and steal the show?
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