Fed Ex Cancels A380F, orders 777F.
FedEx Express to Acquire Boeing 777 Freighters
Company Cancels A380 Order
MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Express, a unit of FedEx Corp. (NYSE: FDX), announced today an agreement with The Boeing Company (NYSE: BA) to acquire 15 new Boeing 777 Freighter aircraft with options to purchase an additional 15 aircraft. The decision to purchase the 777F was made after Airbus announced significant delays in delivery of the A380. FedEx Express notified Airbus that it has cancelled its order for 10 A380-800Fs.
News Release-- http://biz.yahoo.com/bw/061107/20061107005865.html?.v=1
What a Blow to Airbus, but I also understands Fed Ex needs for on time delivery and unfortunatly Airbus was not able to promise it. Good news for Boeing and the 777F program hope to see it succeed as well.
Alex
UPS still reviewing order for 10 airbus A380 aircraft
UPS still reviewing order for 10 airbus A380 aircraft
Last Update: 2:36 PM ET Nov 7, 2006
United Parcel Services Inc. (UPS) has made no decision yet on whether to maintain its order for 10 Airbus A380 freighter aircraft, a spokesman said Tuesday.
"Our internal review is continuing and we've made no decision," UPS spokesman Norman Black said in an e-mail.
UPS rival FedEx Corp. (FDX) on Tuesday said its FedEx Express unit had canceled an order for 10 A380s, citing the announcement by Airbus (ABI.YY) of significant delays in delivery of the aircraft. FedEx, the first Airbus customer to cancel orders as a result of the delay, has now agreed to acquire 15 new 777 Freighter aircraft from Boeing Co. (BA).
Last month, UPS executives said they had been notified via letter of the aircraft's delay and that the Atlanta-based shipper had requested more information about the matter. UPS, which was expecting its first delivery of the aircraft in the latter part of 2009, said last month it would evaluate alternatives to the A380 because it has enough time to do so.