UAL Corp. (UAUA)

United Airlines (NASDAQ:UAUA) has formalized a commitment originally announced in December 2009, signing a firm order for 25 A350-900 XWB aircraft, the newest twin-engine widebody from Airbus. The aircraft will be powered by Rolls-Royce Trent XWB engines. Deliveries of the aircraft will begin in 2016 and run through 2019.
"The A350 XWB will also help us reduce fuel burn and our overall environmental footprint in comparison to older technology aircraft." said John Tague, President of United Airlines. The signing with Airbus comes on the heels of United having finalized an order for 25 Boeing 787-8 jetliners in February with an option for an additional 50 aircraft, as previously reported in MarketBeast. The Airbus and Boeing orders reflect a need to replace its fleet of outdated and expensive to operate older aircraft.

Mar 12 · 1:43:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek