UPS and Airbus have signed an agreement that sets out a timetable for deciding the status of UPS's order for the freighter version of the A380.
The agreement specifies changed delivery dates for the A380F and provides for possible termination of the original purchase agreement by either party later in 2007.
Deliveries of UPS's first ten A380s were originally scheduled to begin in 2009 and run through 2012.
“UPS's decision to purchase the A380 freighter was based on a lengthy evaluation of our future network needs to meet customer demands across a variety of global trade lanes,” said Bob Lekites, UPS's vice president of airline & international operations.
He added that, while those needs still exist, UPS has been evaluating various options since Airbus announced production delays late last year.
The revised agreement gives UPS additional time to evaluate its network requirements and make a decision once and for whether to wait for or cancel its A380 order.
Asian Shipper News
Login
