UPS-Airbus accord could void plane order
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United Parcel Service Inc. and plane maker Airbus have agreed that either company can cancel an order this year for 10 A380 freighters after repeated production delays.
UPS will decide whether to retain the $2.8-billion order after getting new delivery dates from Airbus, a UPS spokesman said Friday. The companies declined to provide details of the accord.
Airbus’ ability to void the order heightens chances that the manufacturer may scrap the troubled cargo version of the world’s largest commercial jet amid cost overruns and customer cancellations. Atlanta-based UPS is the only remaining buyer for the A380 freighter.
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