If United Parcel Service Inc. (UPS) cancels its order for the Airbus A380 cargo aircraft as expected, Airbus could save around 1 billion euros in development costs and concentrate on the passenger version of the jetliner, according to Les Echos’ Web site on Friday.
The newspaper says UPS is the last customer in line for the cargo version. UPS could announce a decision next week, the newspaper says, without specifying its sources. FedEx Corp. last year canceled its order for 10 A380s.
On Wednesday, Airbus parent European Aeronautic Defence and Space Co. issued a profit warning - largely blamed on the long-delayed A380, the world’s biggest passenger jet - and confirmed it lost its lead in passenger plane orders to rival Boeing Co. last year.