CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
LOUISVILLE, KY, Oct. 02, 2017 -- As part of UPS’s (NYSE: UPS) ongoing strategy to invest capital to enable growth, the company is expanding its flight training operations. The company has announced the acquisition of three new full flight simulators and will construct a new facility to house them near UPS’s Worldport® international air hub in Louisville, Ky.
“Powered by eCommerce, UPS is in growth mode. These new simulators and our new building are investments in increased air capacity for our customers all over the world,” said UPS Airlines President Brendan Canavan.
UPS will receive three new state of the art, full-motion simulators by the end of 2018: a 747-400 simulator, a 767 simulator and an MD-11 simulator. The company will also receive two new Class 4 touch-screen training devices for the new 747-8 fleet. All of the simulator devices built by CAE. Purchase prices are undisclosed.
In 2016, UPS announced the purchase of 14 747-8s, and it recently purchased additional 767 aircraft that will be converted from passenger to cargo configuration. The airline has also begun cockpit modernization projects for its 757, 767 and A300 aircraft that will enhance safety, deployment options, and the service life of those fleets.
“We are making strategic infrastructure moves to position our international air express services for long-term success,” Canavan said.
The three new simulators will be housed in a 22,000-square-foot-building in Louisville’s Edgewood area, adjacent to UPS Airlines’ Global Operations Center near Louisville International Airport. The new structure will supplement the company’s existing flight training facilities in Louisville and Anchorage, AK, giving the airline 11 full-flight simulators.
The new building’s design includes a fourth simulator bay to allow for future growth possibilities, as well as office space. Construction will begin in 2017, with completion expected in 2018. UPS already owns the land on which the building will be erected.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade; and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, follow @UPS_News on Twitter.
Michelle Polk 502-329-6488 [email protected]
