UPS orders 27 Boeing 767s

Tribune staff, wire reports
Published February 6, 2007
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United Parcel Service Inc. ordered 27 Boeing Co. 767-300ER freighters valued at as much as $3.89 billion to meet demand from increasing global trade. The purchase comes as Atlanta-based UPS remains in talks with Airbus SAS over its delayed order for 10 A380 jumbo freighters. The new planes are not intended to replace the A380s and will instead fill shorter-range needs, UPS said Monday. The 767s will be delivered between 2009 and 2012. The 767’s list price is $133 million to $144 million, but orders for multiple aircraft usually are discounted.

Boeing had a backlog of just 28 orders for 767s, or enough for about two years’ worth of production, before UPS’ order, according to Airclaims Group’s Ascend, which maintains aircraft fleet and valuation data. “Keeping the line open through 2012 is Boeing’s big win with this one,” said Douglas Runte, managing director of RBS Greenwich Capital Markets.