What changed in this filing

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Item 2. Properties

2021-03-01 compared with 2020-02-25 · 40 added, 29 removed, 17 unchanged (80% of the section changed)

As of December 31, 2020, United's mainline and regional fleets consisted of the following:

Aircraft Type

Seats in Standard Configuration

Average Age (In Years)

Aircraft Type Total Owned Leased Seats in Standard Configuration Average Age

777-300ER 22 22 — 350 3.0

777-200ER 55 52 3 267-276 20.8

777-200 19 19 — 364 23.5

787-10 13 13 — 318 1.6

787-9 35 28 7 252 3.6

787-8 12 12 — 219 7.5

767-400ER 16 14 2 240 19.3

767-300ER 38 30 8 167-214 24.9

757-300 21 9 12 234 18.3

757-200 40 35 5 142-176 23.9

737 MAX 9 22 14 8 179 1.5

737-900ER 136 136 — 179 8.0

737-900 12 8 4 179 19.3

737-800 141 97 44 166 16.8

737-700 49 37 12 126 20.7

A320-200 96 78 18 150 22.3

A319-100 85 56 29 126-128 18.9

Total mainline 812 660 152 16.0

In addition to the aircraft presented in the table above, United owned or leased the following mainline aircraft as of December 31, 2019 :

Fourteen Boeing 737 MAX 9s, which are temporarily grounded pursuant to the FAA Order;

Four Boeing 747-400s, which are permanently grounded;

Three Airbus A320s, which are temporarily grounded;

One Boeing 767-200, which is being subleased to another airline.

Aircraft Type

Owned or Leased by Regional Carrier

Regional Carrier Operator and Number of Aircraft

Seats in Standard Configuration

Embraer E175/E175LL

In addition to the aircraft presented in the table above, United owned or leased, as of December 31, 2020, eleven Boeing 757-200s, three Airbus A319s, three Airbus A320s and one Boeing 767-200 that are not used in its operations.

Aircraft Type Total Owned Owned or Leased by Regional Carrier Regional Carrier Operator and Number of Aircraft Seats in Standard Configuration

Embraer E175/E175LL 190 91 99 SkyWest:

Embraer 170 38 — 38 Republic:

CRJ700 27 — 27 Mesa:

CRJ550 38 — 38 GoJet:

CRJ200 133 — 133 SkyWest:

Air Wisconsin:

Embraer ERJ 145 (XR/LR/ER)

Trans States:

Embraer ERJ 145 (XR/LR) 49 49 — CommutAir:

Total regional 475 140 335

In addition to the aircraft presented in the table above, United owned the following regional aircraft as of December 31, 2019 :

Eight Embraer E175LLs, which were delivered but not yet in service;

Three Embraer ERJ145s, which are temporarily grounded.

(a) In 2020, the Company temporarily modified all 76-seat aircraft to have a 70-seat configuration as agreed upon in the Pandemic Recovery Agreement between the Company and its pilots.

In addition to the aircraft presented in the table above, United owned or leased the following regional aircraft as of December 31, 2020:

• Four Embraer E175LLs, which were delivered but not yet in service;

• 119 Embraer ERJ 145s currently in storage with several aircraft scheduled to be inducted into CommutAir's fleet throughout 2021 and 2022;

• 12 CRJ700s that are being transitioned between CPAs and for which United continues to make monthly payments.

Firm Order and Option Aircraft.

As of December 31, 2019 , United had firm commitments and options to purchase new aircraft from Boeing, Airbus and Embraer as presented in the table below:

As of December 31, 2020 (adjusted to include the effects of the February 26, 2021 agreement with Boeing discussed below), United had firm commitments and options to purchase new aircraft from Boeing, Airbus and Embraer as presented in the table below:

Scheduled Aircraft Deliveries

Aircraft Type

Number of Firm

Commitments (a)

Aircraft Type Number of Firm

Commitments (a) 2021 2022 After 2022

Airbus A321XLR 50 — — 50

Airbus A350 45 — — 45

Boeing 737 MAX 188 21 40 127

Boeing 777-300ER

Boeing 787 11 11 — —

Embraer E175 4 4 — —

(a) United also has options and purchase rights for additional aircraft.

On February 26, 2021, the Company entered into an agreement with The Boeing Company ("Boeing") for a firm order of 25 Boeing 737 MAX aircraft for delivery in 2023, and to reschedule the delivery of 40 previously ordered Boeing 737 MAX aircraft to 2022 and 5 Boeing 737 MAX aircraft into 2023.

The aircraft listed in the table above are scheduled for delivery through 2030.

The Company expects to assign the purchase obligation for each of the 20 Embraer E175 aircraft to one of its regional partners at the time of such aircraft's delivery, subject to certain conditions.

To the extent the Company and the aircraft manufacturers with which the Company has existing orders for new aircraft agree to modify the contracts governing those orders, the amount and timing of the Company's future capital commitments could change.

United also has agreements to purchase 20 used Airbus A319 aircraft with expected delivery dates through 2022 and 19 used Boeing 737-700 aircraft with expected delivery dates through 2021 .

The 44 Boeing 737 MAX aircraft in the table above include 16 Boeing B737 MAX aircraft of which the Company planned to take delivery in 2019, and 28 aircraft of which the Company planned to take delivery of in 2020;

however, following the FAA Order, Boeing suspended deliveries of new Boeing 737 MAX aircraft.

The extent of the delay to the scheduled deliveries of new 737 MAX aircraft is expected to be impacted by the length of time the FAA Order remains in place, Boeing's production rate and the pace at which Boeing can deliver aircraft following the lifting of the FAA Order, among other factors.

As a result, the Company is unable to estimate the number of Boeing 737 MAX aircraft of which it will take delivery in 2020.

United also has an agreement to purchase 11 used Boeing 737-700 aircraft with expected delivery dates in 2021.

In addition, United has an agreement to purchase 17 used Airbus A319 aircraft, which it intends to sell, with expected delivery dates in 2021 and 2022.

See Notes 10 and 13 to the financial statements included in Part II, Item 8 of this report for additional information.

5 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties