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May 1, 1934
United Air Lines, Inc. (UAL) becomes an operating company and W.A. Patterson is named president, replacing P.G. Johnson. Soon after, UAL wins temporary contracts to resume air mail operations on routes formerly operated by BAT, PAT, NAT and Varney.
June 12, 1934
U.S. Congress passes the Air Mail Act of 1934, authorizing bids on new contracts for air mail routes and prohibiting airlines from owning aircraft and/or equipment manufacturing companies.
July 19, 1934
Boeing Airplane and Stearman Aircraft companiesspun-off and incorporated to form Boeing Airplane Co.
July 20, 1934
United Airlines Transport Corporation (UALTC) is formed to succeed UAL as owner/operator of BAT, NAT, PAT and Varney and United Airports of California.
July 21, 1934
Non airline subsidiaries for UALTC spun-offand incorporated as United Aircraft Corp.
Aug. 31, 1934
United Aircraft and Transport Corp. dissolved.
Dec. 28, 1934
BAT, NAT, PAT and Varney are merged into UALTC. United Airports of California is sold to Lockheed Corporation.
Nov. 1, 1935
United Air Lines Employees' Credit Union, the industry's first, is incorporated in Illinois.
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