UPS, last Airbus A380 freighter buyer, may cancel
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United Parcel Service Inc. ,  the last remaining customer for the Airbus A380 superjumbo  freighter, said on Friday it reached an agreement for Airbus to  push back delivery dates of the planes and left open its option  to cancel the order outright.
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The last remaining customer for the cargo version of the Airbus A380 superjumbo jet said today that it was cancelling its order for 10 planes.
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The machinists can approve the carrier's latest contract proposal and usher in the waves of cuts that come with it. Or they can turn down the contract and open the door to a walkout that could send  US Airways Group Inc. flying into oblivion.
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An online auction of tickets for the first commercial A380 flight is nearing an end, with one bidder spending S$153,000 (US$100,380) for a first-class seat on the Singapore Airlines Ltd. flight.
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ATLANTA -- UPS Inc., the world's largest shipping carrier, said Friday it signed an agreement with Airbus changing delivery dates on the company's order for the delay-plagued A380 super-jumbo jet and allowing either party to terminate the purchase order later this year.
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Disagreement over the funding of a  $10-billion new plane project at Airbus has forced parent firm  EADS  to cancel a Friday board meeting which was due to  decide on whether to go ahead with the development, an industry  source said on Friday.
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Virgin Atlantic has said that new production delays to the Airbus A380 superjumbo had &quot;serious implications&quot; for the airline's order of six planes, adding that it would review its options next week.
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The airplane manufacturer Airbus has stopped work on the freight version of its new A380 superjumbo jet to focus more on the troubled passenger version of the aircraft, a spokesman for its parent company said. The decision came a week after United Parcel Service, the only remaining customer for the freight aircraft, postponed taking delivery of the planes and said it might cancel the order altogether.
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US Airways UAIRQ.OB said on  Saturday it has no current plans to reduce its fleet of  aircraft, disputing postings on the Internet that the bankrupt  carrier has put planes up for sale.
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US Airways Group  may reach a decision this month on whether to proceed with an order for 20 Airbus wide-body planes or switch to Boeing Co.  aircraft, the carrier's chief financial officer said on Wednesday
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ATLANTA -- UPS Inc., the world's largest shipping carrier, is seeking more job cuts on top of 1,200 positions in its logistics unit it previously said it would cut.
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In NEW YORK item, please read headline as ...UPS buys CNF&#39;s Menlo Worldwide Forwarding... instead of ...UPS buys CNF&#39;s Menlo Worldwide for cash,debt... (Clarifies that UPS buying just a unit, not whole of Menlo Worldwide).
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Air China shares are suspended on rumours it may team up with Cathay Pacific to buy a stake in China Eastern.
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Aircraft maker Airbus said that it would transfer for a "limited period" delivery of its new super-jumbo A380 from Hamburg to Toulouse until it can resolve a legal battle over the planned extension of a test runway for the new jet in the north German port.
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European aircraft maker Airbus is likely to announce further delays to its A380 superjumbo because of production problems with cabling, company sources said.
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European aircraft maker Airbus announced Thursday that it had suspended development of the cargo version of its giant A380 superjumbo jet, but would continue looking for clients for the freight plane.
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FRANKFURT, Sept 25 (Reuters ) - U.S. planemaker Boeing does   not expect to make order gains for its aircraft as a direct   result of delays to the A380 superjumbo being built by European   rival Airbus, a Boeing official said on Monday.