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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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.
Full Story