UPS Orders New Boeing Jets - TheStreet

UPS Orders New Boeing Jets

The company will buy 27 new 767-300ER freighters.
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UPS

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said it has ordered 27 new 767-300ER freighters from

Boeing

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.

The Atlanta-based package-delivery company said the order has no relationship to its ongoing review of its order for 10

Airbus

A380 freighters. The 380s would be used on specific long-haul routes currently served by Boeing's 747 and MD11 freighters.

The 767s will be delivered between 2009 and 2012 and can be used to and from Europe and Latin America, as well as on routes within Europe and Asia and on domestic routes. UPS said last week that its domestic airfreight business is slumping, but international growth continues to be strong.

"The Boeing 767-300ER freighter already is part of our current air fleet, and we know from experience what a great workhorse it is," said Bob Lekites, UPS vice president for airline and international operations, in a prepared statement.

Before placing the order, UPS considered the Airbus A300 and A330, as well as used versions of the 767, said spokesman Mark Giuffre.

Meanwhile, UPS is in discussions with Airbus regarding its A380 order and wants to make a decision as soon as possible, Giuffre said. Delivery of the 10 aircraft was originally scheduled to begin in the fourth quarter of 2009. The current date is sometime in 2010.

"We're concerned about Airbus' ability to deliver on the proposed schedule," he said. "We haven't drawn a line in the sand,

but we want to have a better understanding of what's realistic in terms of these deliveries."