Transportation Industry
UNITED AIRLINES TO LEASE 50 A-320 FROM AIRBUS INDUSTRIE
Transport Europe, July, 1992
In a major blow to BOEING, UNITED AIRLINES (UAL), the troubled US carrier, has signed an agreement to lease 50 A-320 aircraft and take options on a further 50 from the European aircraft manufacturing consortium, AIRBUS INDUSTRIE. UAL, which sought Chapter 11 protection from its creditors some months ago, said it decided in favour of the A-320 because of its economy of use. The Boeing 737-400 was also in the running. In February, UAL announced plans to scale back spending plans on new aircraft by USD6.7 billion, and to cut 122 aircraft from the list of aircraft to be delivered by BOEING between 1992 and 1995. For its part, AIRBUS sold only 17 aircraft in the first half of 1992, and the present deal comes as a considerable boost. The aircraft are due for delivery from...
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