UPS Gets Airbus Delivery Plan - TheStreet

UPS Gets Airbus Delivery Plan

Either side can cancel this year.
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UPS

(UPS) - Get Report

says it has finally received a proposed delivery schedule from

Airbus

regarding an order for up to 20 A380 cargo planes, and it will decide this year whether to continue to pursue the order.

"We've always said we wanted more information about their ability to deliver," UPS spokesman Mark Giuffre said Friday. "We finally have a revised delivery schedule."

An agreement on the revised schedule was signed Thursday. Specifics weren't made public. UPS said only that the schedule extends delivery dates for the first 10 airplanes, originally planned for 2009 through 2012, and allows either side to cancel this year. UPS has options for 10 additional airplanes.

Airbus said in June that its A380 deliveries would be delayed for a second time. Giuffre said UPS has been seeking a delivery schedule ever since. The vast majority of orders for the controversial long-range A380 are for the 500-seat passenger model.

With a schedule in hand, UPS said it can now make an informed decision.

"UPS's

original decision to purchase the A380 freighter was based on a lengthy evaluation of our future network needs," said Bob Lekites, vice president of airline and international operations, in a prepared statement. "This agreement will provide us additional time to evaluate our network requirements and make a decision once and for all as to how best to ensure service to our customers."