UPS gives Boeing's 'Queen' a reprieve


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Boeing's "Queen of the Skies" won a reprieve Thursday as UPS said it would buy as many as 28 747-8 freighters, a lifeline for the venerable jumbo jet.

The deal adds 14 firm orders to Boeing's backlog for the 747-8, worth $5.3 billion at list prices, though customers negotiate discounts with plane makers. The deal includes options for 14 more 747s.

Boeing's 747-8 is the latest iteration of its iconic hump-backed airliner, with new more fuel-efficient General Electric engines and aerodynamic improvements of its wings.

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