Hellos I read this article at http://www.ual.com
February 27, 2001
Replacements for B727s to be delivered in first quarter 2003
FOR IMMEDIATE RELEASE
CHICAGO, Feb. 27, 2001 -- United Airlines (NYSE: UAL) announced today that it is purchasing 15 new Airbus aircraft, seven A319s and eight A320s, scheduled for delivery in the first quarter of 2003. These aircraft will replace the airline’s aging Boeing 727-200 aircraft, which are scheduled to be retired by year-end 2003. This order is consistent with United’s plans for slow domestic capacity growth.
As of February 27, there are 103 Airbus aircraft in the United fleet, 35 A319s and 68 A320s. With the 74 previously announced firm orders and the current order of 15, United’s total number of existing and ordered Airbus aircraft rises to 192.
At year-end 2001, United’s operating fleet will consist of 619 aircraft with an average age of 9.7 years. During 2002, United will take delivery of 22 A319s, 22 A320s and 5 B777-200ER aircraft. In addition, the company is planning to retire 25 B727-200s in 2002. By year-end 2002, United will have an operating fleet of 643 aircraft.
UAL Corporation is the holding company whose primary subsidiary is United Airlines. United offers almost 2,300 scheduled flights a day to 134 destinations in 27 countries and two U.S. territories.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this press release is forward looking and involves risks and uncertainties that could result in actual results differing materially from expected results. Forward-looking statements represent the company's expectations and beliefs concerning future events, based on information available to the company as of the date of this press release. Some factors that could significantly affect capacity include, without limitation, the airline pricing environment; industry capacity decisions; competitors' route decisions; the success of the company's cost-control efforts; the cost of crude oil and jet fuel; the results of union contract negotiations and their impact on labor costs; the outcome of the actions of the U.S., foreign and local governments; willingness of customers to travel; the stability of the U.S. economy; inflation; the economic environment of the airline industry and the economic environment in general.