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UAL says now may be good time to buy planes

PARIS
Mon Jun 15, 2009 10:44am EDT

Stocks

   

PARIS (Reuters) - Now may be a good time to place an order for new aircraft, the finance chief of United Airlines parent UAL Corp (UAUA.O) told Reuters on Monday.

Any order could be a mix of planes from both Boeing (BA.N) and European rival Airbus (EAD.PA), Kathryn Mikells said in an interview at the Paris Air Show, adding that fuel efficiency and maintenance costs would be key to any decision.

Mikells added that capacity cuts by airlines in the United States were "greatly needed."


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