United Air Lines plans $3 million pass-through certificates payment

By Devika Patel

Knoxville, Tenn., Sept. 17 - United Air Lines Inc. said it will make a $3 million special payment on its 7.27% series 1996-A1 pass-through certificates and its 7.87% series 1996A2 pass-through certificates on Oct. 1.

The payment will be distributed to holders of record as of Sept. 29.

For the 7.27% notes, the payment will equal $11.291091 for each $1,000 of securities. Of that amount, $6.951118 will be allocated to principal and $4.339973 will be allocable to interest.

For the 7.87% notes, the payment will be $12.956782 per $1,000 of notes. Of that amount, $8.7853 will be allocated to principal and $4.171482 will go to interest.

After this distribution, there will be $51.22 million of the 7.27% notes outstanding and $74.1 million of the 7.87% notes outstanding.

The issuer is a wholly owned subsidiary of Chicago-based passenger airline UAL Corp.

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