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Airbus Expects UPS Order for 30 Planes

July 20, 1998|Bloomberg News

Airbus Industrie is in final negotiations with UPS Airlines, the world's largest package delivery company, about a firm order for about 30 airplanes, a person familiar with the talks said. With a list price of about $90 million per plane, such an order would be worth about $2.7 billion. Airbus, based in Toulouse, France, hasn't gotten a signature on the order, though it expects to win a contract from the U.S. shipper for around 30 A300-600 planes, the source said. UPS, a unit of United Parcel Service of America Inc., operates 226 aircraft and charters an additional 302.

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