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Article: UPS, Boeing Make Deal Worth 2 Billion Dollars
- Article from:
- Xinhua News Agency
- Article date:
- November 3, 2000
CopyrightCopyright 2000 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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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 ...