Capt TedStriker
Roger.Roger. Over.Over
- Joined
- Nov 25, 2001
- Posts
- 47
LOUISVILLE, Ky., Jan 10, 2005 (BUSINESS WIRE) -- Moving to expand the
capacity of its air network to accommodate strong international growth, UPS
(UPS) today announced a firm order for 10 A380 super-jumbo freighter
aircraft made by Airbus.
In a related decision, UPS and Airbus have agreed to amend a previous order
for A300 aircraft.
"The A380 will allow UPS to effectively meet the fast-growing demands of our
customers across a variety of global trade lanes," said John Beystehner, UPS
chief operating officer and president of UPS Airlines. "This plane offers an
exciting combination of payload and range that will help improve both the
capability and efficiency of our international network."
"We are extraordinarily pleased to have UPS join the growing list of A380
customers, particularly because their order demonstrates the strength of the
aircraft as a freighter for air carriers based around the world," said Noel
Forgeard, Airbus President and Chief Executive Officer.
Deliveries of UPS's A380s are scheduled to begin in 2009 and run through
2012. The order also gives UPS the option to purchase 10 more of the planes.
The purchase price of the aircraft was not disclosed. UPS has not yet made
an engine selection for the A380.
Under the agreement regarding A300 aircraft, UPS is reducing its previous
order for 90 planes to 53. To date, 40 A300s have been delivered and the
remaining 13 will be delivered by July 2006.
The A380 has the capacity to carry three decks of cargo with container
capacity of nearly 40,000 cubic feet and a maximum structural payload of
330,000 pounds. With a range of 5,600 nautical miles, the A380 can fly
non-stop to places around the world that used to take two or more flights.
UPS's international business has been very strong. During the third quarter
of 2004, for example, UPS's total international export volume climbed 13.2%
over the prior-year period. Asia export volume increased 29% and export
volume out of China more than doubled compared to the prior year.
"We continually evaluate and adjust the company's air network to meet the
needs of our customers," Beystehner added. "Our strong international growth
has increased our need for larger aircraft and the super jumbo is part of
that solution."
UPS is the world's largest package delivery company and a global leader in
supply chain services, offering an extensive range of options for
synchronizing the movement of goods, information, and funds. Headquartered
in Atlanta, UPS serves more than 200 countries and territories worldwide.
UPS stock trades on the New York Stock Exchange (UPS) and the company can be
found on the Web at UPS.com.
capacity of its air network to accommodate strong international growth, UPS
(UPS) today announced a firm order for 10 A380 super-jumbo freighter
aircraft made by Airbus.
In a related decision, UPS and Airbus have agreed to amend a previous order
for A300 aircraft.
"The A380 will allow UPS to effectively meet the fast-growing demands of our
customers across a variety of global trade lanes," said John Beystehner, UPS
chief operating officer and president of UPS Airlines. "This plane offers an
exciting combination of payload and range that will help improve both the
capability and efficiency of our international network."
"We are extraordinarily pleased to have UPS join the growing list of A380
customers, particularly because their order demonstrates the strength of the
aircraft as a freighter for air carriers based around the world," said Noel
Forgeard, Airbus President and Chief Executive Officer.
Deliveries of UPS's A380s are scheduled to begin in 2009 and run through
2012. The order also gives UPS the option to purchase 10 more of the planes.
The purchase price of the aircraft was not disclosed. UPS has not yet made
an engine selection for the A380.
Under the agreement regarding A300 aircraft, UPS is reducing its previous
order for 90 planes to 53. To date, 40 A300s have been delivered and the
remaining 13 will be delivered by July 2006.
The A380 has the capacity to carry three decks of cargo with container
capacity of nearly 40,000 cubic feet and a maximum structural payload of
330,000 pounds. With a range of 5,600 nautical miles, the A380 can fly
non-stop to places around the world that used to take two or more flights.
UPS's international business has been very strong. During the third quarter
of 2004, for example, UPS's total international export volume climbed 13.2%
over the prior-year period. Asia export volume increased 29% and export
volume out of China more than doubled compared to the prior year.
"We continually evaluate and adjust the company's air network to meet the
needs of our customers," Beystehner added. "Our strong international growth
has increased our need for larger aircraft and the super jumbo is part of
that solution."
UPS is the world's largest package delivery company and a global leader in
supply chain services, offering an extensive range of options for
synchronizing the movement of goods, information, and funds. Headquartered
in Atlanta, UPS serves more than 200 countries and territories worldwide.
UPS stock trades on the New York Stock Exchange (UPS) and the company can be
found on the Web at UPS.com.
