Article: UPS, Boeing Make Deal Worth 2 Billion Dollars

United Parcel Service (UPS) Inc., the world's largest package delivery company, said Thursday it would acquire at least 13 pre- owned MD-11 planes from Boeing Co. in a deal that could be worth more than 2 billion dollars.

Atlanta-based UPS said the jets would be converted into cargo freighters by Seattle-based Boeing Co. and delivered between 2001 and 2004. UPS said its deal with Boeing included options for the delivery of 22 additional MD-11s between 2005 and 2010.

"UPS will use the planes for its burgeoning international business, particularly on flights from the United States to Europe and Asia," UPS said in a statement following a day-long investors' conference in Atlanta.

Analysts said ...

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