UPS to Cancel Airbus Freighters Order
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ATLANTA -- UPS Inc., the world's largest shipping carrier, said Friday it will cancel its order for 10 Airbus A380 freighters, following delivery delays. The decision will leave the European aircraft manufacturer with no firm orders for its jumbo freighter.
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SHANGHAI, China - US express mail operator United Parcel Services Inc. will take direct control of a large share of its joint venture operations in China next year, the company said Thursday.
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US delivery firm UPS unveils a multi-billion dollar order to buy 27 freight aircraft from aerospace giant Boeing.
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New delays expected for the A380 superjumbo airliner are a blow to Airbus after a production crisis three months ago but are unlikely to cause customers to cancel orders.
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U.S. aircraft maker Boeing Co.  confirmed  an order for 27 Boeing 767-300 Freighters from package delivery  company United Parcel Service Inc. .
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US Foodservice, the American unit of the Dutch supermarket Royal Ahold, has postponed its sale of $650 million in bonds that were expected to finance the unitâs equity buyout.
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British Airways PLC divided its largest aircraft order in nine years between rival plane manufacturers Boeing Co. and Airbus on Thursday as the carrier moves to increase capacity on its long-haul routes.
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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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- Boeing Co.  said it may stop production of C-17 military cargo aircraft by 2009 due to lack of U.S. government and international orders, eventually affecting more than 7,000 jobs.
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Planemaker Airbus will announce on  Wednesday plans to axe 10,000 jobs in four European countries,  but will force contractors to share the pain of cuts which  could provoke labor unrest, industry sources said.
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UPS Inc. says the government has given it the green light to triple its number of flights to China, a key international market in the shipping giant's growth plans.
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Airbus, the European plane maker, said on Wednesday that it expected orders for new aircraft to halve to around 700 this year after a record order intake in 2007.
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Airbus parent EADS  on Monday postponed a major restructuring announcement planned for Tuesday, saying its European political backers could not agree on how to share out construction of its future A350 aircraft.
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Airbus said Monday it postponed a news conference at which it had been expected to announce its long-awaited restructuring strategy.
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American Airlines will defer delivery of all but two Boeing Co. aircraft scheduled for deliver between 2006 and 2010 in order to defer billions in spending, it said Monday.
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Any more delays and the deal's off United Parcel Service (UPS) will cancel its order for 10 freight versions of the A380 superjumbo if there are any further delays to a revised delivery schedule, the BBC reports.â¦
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TOULOUSE, France  - Airbus workers downed tools and staged protests as a company shake-up due later on Wednesday was expected to confirm plans for factory sales and thousands of job cuts.