UPS Cancels A380 Order

chucky

Senior
Sep 13, 2006
374
3
UPS to Cancel A380 Order

ATLANTA - (BUSINESS WIRE) UPS (UPS.N: Quote, Profile , Research) today announced its intent to cancel later this year an order for 10 Airbus A380 freighters.

The final cancellation decision will be formally presented to Airbus on the first date specified under an agreement reached last week that gives either party the right to terminate the order.

Last week's agreement specified a revised delivery schedule that delayed UPS's first A380 jumbo freighter from 2010 to 2012. UPS originally expected its first freighter in 2009.

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I see an order for a dozen 777s and another dozen or so 747-8Fs on the immediate horizon. Even Dione Warwick can see this one coming. :D

If UPS still has a hard-on for A380s, all it has to do is wait a few years after the pax versions are finally delivered and those airlines admit their mistakes in ordering them - then UPS can pick them up for $10 million or so each and convert them to Freighters. :D