UA purchases 113 acres next to DEN for expanded pilot training facility, what else?
Aug 10, 2023, 9:51 am
#1
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UA purchases 113 acres next to DEN for expanded pilot training facility, what else?
https://www.9news.com/article/travel...0-adc7c71b61ed (warning: annoying auto-play video)
https://www.benzinga.com/markets/equ...acility-report
Expected completion is 2028.
Interesting blurb in the Reuters article...
https://www.benzinga.com/markets/equ...acility-report
Expected completion is 2028.
Interesting blurb in the Reuters article...
Originally Posted by Retuers
The Chicago-based U.S. airline said it plans to use "part of this land as the site for the expansion of our world-class Denver pilot training facility."
Asked if United could use the land to move its corporate headquarters, a United spokeswoman said, "The land in Denver gives us options for the future as we implement our big plans to grow."
United is acquiring two parcels, including one just outside Denver International Airport with access to its Flight Training Center.
United added that it has "been in Chicago for decades and have thousands of employees here" and that the airline has an immediate need to expand its Flight Training Center.
Asked if United could use the land to move its corporate headquarters, a United spokeswoman said, "The land in Denver gives us options for the future as we implement our big plans to grow."
United is acquiring two parcels, including one just outside Denver International Airport with access to its Flight Training Center.
United added that it has "been in Chicago for decades and have thousands of employees here" and that the airline has an immediate need to expand its Flight Training Center.
Aug 10, 2023, 11:40 am
#2
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https://www.9news.com/article/travel...0-adc7c71b61ed (warning: annoying auto-play video)
https://www.benzinga.com/markets/equ...acility-report
Expected completion is 2028.
Interesting blurb in the Reuters article...
https://www.benzinga.com/markets/equ...acility-report
Expected completion is 2028.
Interesting blurb in the Reuters article...
Originally Posted by Retuers
The Chicago-based U.S. airline said it plans to use "part of this land as the site for the expansion of our world-class Denver pilot training facility."
Asked if United could use the land to move its corporate headquarters, a United spokeswoman said, "The land in Denver gives us options for the future as we implement our big plans to grow."
United is acquiring two parcels, including one just outside Denver International Airport with access to its Flight Training Center.
United added that it has "been in Chicago for decades and have thousands of employees here" and that the airline has an immediate need to expand its Flight Training Center.
The Chicago-based U.S. airline said it plans to use "part of this land as the site for the expansion of our world-class Denver pilot training facility."
Asked if United could use the land to move its corporate headquarters, a United spokeswoman said, "The land in Denver gives us options for the future as we implement our big plans to grow."
United is acquiring two parcels, including one just outside Denver International Airport with access to its Flight Training Center.
United added that it has "been in Chicago for decades and have thousands of employees here" and that the airline has an immediate need to expand its Flight Training Center.
David
p.s. Will also be interesting to see what they do with their current facilities that were developed/built and still used right next to old Stapleton.
Aug 10, 2023, 12:29 pm
#3
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United is investing heavily in the existing pilot training center (DENTK) with an expansion on the SW corner of the property currently under construction. This is the 3rd major expansion of TK in the last decade or so, which included a major renovation of the existing buildings, some of which date to the mid-60s. The area around the training center is now heavily developed and there isn't much room for further growth on that property, unless United builds on the parking lot. There appear to be a few empty parcels within a block or two of the existing campus, but that's about it.
It is possible, IMO, that United could start building out an auxiliary training center further away and eventually look to sell the land of current TK and consolidate at a new facility, but that would probably be many years off.
At the same time, United is buying more commercial real estate in the Chicago area, including Arlington Heights, where the Network Operations Center was permanently relocated after 2020. 2 weeks ago, United also closed on the purchase of a former Motorola facility adjacent to the existing NOC in Arlington Heights, so suffice to say, United is not looking to move out of Chicago in any significant way.
It is possible, IMO, that United could start building out an auxiliary training center further away and eventually look to sell the land of current TK and consolidate at a new facility, but that would probably be many years off.
At the same time, United is buying more commercial real estate in the Chicago area, including Arlington Heights, where the Network Operations Center was permanently relocated after 2020. 2 weeks ago, United also closed on the purchase of a former Motorola facility adjacent to the existing NOC in Arlington Heights, so suffice to say, United is not looking to move out of Chicago in any significant way.
Aug 10, 2023, 12:55 pm
#4
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DEN used to be pretty rural, but sprawl is reaching it (people will complain about airport even though it was there first). Probably best to purchase in advance as opposed to being desperate for it later.
Aug 10, 2023, 7:28 pm
#6
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United is investing heavily in the existing pilot training center (DENTK) with an expansion on the SW corner of the property currently under construction. This is the 3rd major expansion of TK in the last decade or so, which included a major renovation of the existing buildings, some of which date to the mid-60s. The area around the training center is now heavily developed and there isn't much room for further growth on that property, unless United builds on the parking lot. There appear to be a few empty parcels within a block or two of the existing campus, but that's about it.
It is possible, IMO, that United could start building out an auxiliary training center further away and eventually look to sell the land of current TK and consolidate at a new facility, but that would probably be many years off.
At the same time, United is buying more commercial real estate in the Chicago area, including Arlington Heights, where the Network Operations Center was permanently relocated after 2020. 2 weeks ago, United also closed on the purchase of a former Motorola facility adjacent to the existing NOC in Arlington Heights, so suffice to say, United is not looking to move out of Chicago in any significant way.
It is possible, IMO, that United could start building out an auxiliary training center further away and eventually look to sell the land of current TK and consolidate at a new facility, but that would probably be many years off.
At the same time, United is buying more commercial real estate in the Chicago area, including Arlington Heights, where the Network Operations Center was permanently relocated after 2020. 2 weeks ago, United also closed on the purchase of a former Motorola facility adjacent to the existing NOC in Arlington Heights, so suffice to say, United is not looking to move out of Chicago in any significant way.
Aug 10, 2023, 7:30 pm
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Although the facility would only take up a small portion of the purchased land, United says in a statement that it will "evaluate additional opportunities in the future as the United Next plan unfolds."
David
Sep 7, 2023, 11:34 am
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UA moving HQ from Chicago to Denver?
https://viewfromthewing.com/uniteds-...ove-to-denver/
United Airlines purchased 113 acres in Denver for $33 million. When news broke last month, a spokesperson offered that they would expand their pilot training facility (doesn’t take 100 acres for that) and then yadda yadda’d the rest of it saying they’d “evaluate additional opportunities in the future.”
United Airlines purchased 113 acres in Denver for $33 million. When news broke last month, a spokesperson offered that they would expand their pilot training facility (doesn’t take 100 acres for that) and then yadda yadda’d the rest of it saying they’d “evaluate additional opportunities in the future.”
Sep 7, 2023, 11:39 am
#9
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I've been working in RE acquisitions for a space-intensive industry for the past 7 years. One of the things we say often is "you can't grow new adjacent land" so it often makes sense to overbuy to future-proof your investments. UA could be doing just that. The good news is the dirt tends to go up in value, and I'd assume other airlines may want it in the future if they don't end up needing it. Makes for a nice one time bump on the quarterly earnings.
Sep 7, 2023, 1:43 pm
#10
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Come on man, there is no way UAL corp will leave that safety and bucolic life of ORD’s pastoral loop for Colorado . Especially when they have all that Houston property .
Jan 4, 2024, 5:27 pm
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Jan 4, 2024, 7:36 pm
#13
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All these moves cost money, don’t they?
Jan 4, 2024, 8:00 pm
#14
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I seem to recall Kirby being an avid skier? Can still keep the NOC at Motorola and move out of Willis. Plus, there may be some substantial corporate tax savings in CO (don't know - just guessing)?
Exxon kept their corporate moving boxes handy over the years - Rockefeller Center NYC, to Irving, TX to Houston TX.
Exxon kept their corporate moving boxes handy over the years - Rockefeller Center NYC, to Irving, TX to Houston TX.
Last edited by IAH-OIL-TRASH; Jan 4, 2024 at 8:09 pm
Feb 22, 2024, 10:54 am
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Denver Flight Training Center Expands
United Opens New H Building at Worlds Largest Flight Training Center
So proud to be a part of this growth at United. The new building is amazing and will be my new home starting next month.
So proud to be a part of this growth at United. The new building is amazing and will be my new home starting next month.