United Plans Huge Plane Order; End to Merger Hope?Dean Foust
The news on June 4 that United Airlines (UAUA) plans to place a massive order for as many as 150 new jets was seen by some observers as the latest example of how some companies are shrewdly exploiting the economic downturn in hopes of landing a bargain. Indeed, by soliciting bids at a time when aircraft makers are already reeling from widespread cancellations, United may be able to extract major concessions from Boeing (BA) and Airbus, a possibility that isn't lost on United CEO Glenn Tilton.
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