Boeing Announces Purchase of 19 B767 Freighters by UPS
UPS has entered into a multi-year agreement with Boeing for the purchase of 19 Boeing 767 Freighters. The deal adds to a record-breaking year for Boeing freighter sales with 80 firm orders for new widebody freighters and over 80 orders for Boeing Converted Freighters.
On Tuesday (December 21, 2021), Boeing announced a multi-year agreement with UPS for the purchase of 19 Boeing 767 Freighters to help the company meet growing global cargo demand. The order adds to a record-breaking sales year for Boeing freighters with 80 firm orders for new widebody freighters and over 80 orders for Boeing Converted Freighters (BCFs). Based on the Boeing 767-300ER (Extended Range) passenger jet, the 767 Freighter can carry up to 52.4 tons of revenue cargo with an intercontinental range, serving as an ideal platform for long-haul, regional and feeder markets. UPS became the launch customer for the 767 Freighter in 1995 and has since ordered 91 of the type. The carrier currently operates 236 Boeing freighters including 747s, 757s, 767s and MD-11s. Since launching in 1995, the Boeing 767 Freighter has received more than 270 orders.
In Tuesday’s announcement, UPS’ U.S. Operations President, Nando Cesarone, said,
“The Boeing 767 is the most versatile aircraft we operate. Our plan to purchase 19 aircraft and take delivery between 2023 and 2025 aligns with the strategy and capital expenditure forecast shared during our June 2021 Investor and Analyst Day. It also supports our sustainability efforts by making our fleet more efficient and improving reliability.”
Also commenting on the new freighter order, Boeing’s Senior Vice President of Commercial Sales and Marketing, Ihssane Mounir, said,
“This latest order for 19 jets bookends an incredible year for the Boeing Freighter family. Since the program was launched, UPS has recognized the value of the 767 Freighter and utilized the airplane's outstanding cargo capabilities throughout its network. These new jets will enable UPS to meet expected near-term and long-term cargo demand with the proven economics, reliability and flexibility that are synonymous with the 767 Freighter.”
Boeing (NYSE:BA) is the world’s largest aerospace company and leading supplier of commercial airplanes, defense, space and security systems, as well as global services. The aerospace giant tops the list of the largest U.S. exporters, providing a significant positive impact to America’s annual GDP. Boeing supports government and commercial customers in over 150 countries and employs more than 160,000 team members worldwide. As Boeing continues to deliver for customers, they are committed to their legacy of aerospace leadership in technology and innovation and living the company’s core values of safety, quality and integrity.