Boeing, Airbus get leg up

BOEING                AIRBUS                MANUFACTURING

Global - United Airlines (UA) will buy 50 new planes from Boeing and Airbus, a move the airline believes will help cut operating costs in the future.

United Airlines ordered 25 Airbus A350 aircraft and 25 Boeing 787 Dreamliners, with the option to buy a further 50 of each aircraft in the future.

"This aircraft order is another significant step on the path to position United for long-term success in a highly competitive global market,' said Glenn Tilton, chairman of United Airlines' parent company UAL Corporation.

"We are investing in our future, and we are well positioned to take full advantage as the economy recovers in the shorter term," he said.

The planes will replace Boeing 747 and 767s. Deliveries are expected between 2016 and 2019.

UA previously reported a quarterly loss of US$63 million earlier this year.

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