Mon, Jan 31, 2005
15 Of 28 MD-11s Now In Service For Big Brown
UPS says it will acquire 11
pre-owned Boeing MD-11 aircraft to expand the capacity of its air
network.
The additional aircraft bring the number of MD-11s in UPS's
fleet and on order to 28. Fifteen of the 28 planes now are in
service.
UPS will take delivery of the first of these 11 aircraft during
this year's first quarter, with the remaining deliveries extending
through 2007. The sale was arranged by Focus Aviation on behalf of
Central Air Leasing and at one time, the 11 were flown by Swiss.
Financial details were not disclosed. The acquisition will not
require any adjustment to capital spending plans.
"The MD-11 has the technology, solid performance and strong
operating economics that make it a wonderful fit for our
international network," said Bob Lekites, vice-president of UPS
Airlines and international operations.
The MD-11 has the capacity to carry approximately 190,000 pounds
of cargo and a range of nearly 3,900 nautical miles. Although the
MD-11 serves as UPS's primary workhorse on international routes,
the addition of these planes will support the growth of the entire
integrated global network. UPS's domestic overnight and
international air businesses have been growing strongly. During the
fourth quarter of 2004, for example, US domestic overnight volume
grew 4.1% and average daily international export volume rose 13.5%,
with Asia export volume up 34% and export volume out of China up
125% compared to the prior year.
"We continually evaluate and adjust the company's air network to
meet the needs of our customers," Lekites added. "Our strong growth
has increased our need for large aircraft and the MD-11 is part of
that solution."
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