1-C-1-c The Company or a Company Affiliate may create, acquire, Control, manage, take an
Equity interest in, enter into Code Share Agreements with, or sell, lease or transfer aircraft
to United Express Carriers that comply with the provisions of Section 1-C-1, without the
flight operations of such air carrier being considered Company Flying or the aircraft of such
air carrier being considered Company Aircraft.
Take a deep breath and repeat after me. ALPA is not an idiot . . .
You're grasping at straws here, and if you seriously read that and thought there was some magic loop hole, then I'm sorry to disappoint you. This means UAX carriers are NOT UAL pilots BUT they still have to follow ALL the UAX rules.