* Order for 150 new planes
* Could be worth more than $10 bln
(Adds details of United's request)
June 4 UAL Corp's UAUA.O United Airlines has
asked Boeing Co (BA.N) and Airbus EAD.PA to propose competing
bids for up to 150 new airliners, the Wall Street Journal
reported on its website.
The deal could be worth more than $10 billion for the two
aircraft makers, the paper said.
United sent a formal request to Boeing and Airbus on
Tuesday, the paper said, citing people familiar with the
The request focuses on replacing many of United's
111-airplane wide-body fleet, as well as some of its 97 aging
Boeing 757 narrow-body planes, those people told the paper.
By asking for competing bids, UAL Corp is hoping to obtain
better terms than might otherwise be available, the paper said,
citing people familiar with the situation.
United could sign a major order as early as the fall if
Boeing or Airbus agree to certain conditions, the paper said
citing people familiar with the matter.
However, the financing arranged by the manufacturer that
doesn't eat into United's cash would be the most crucial, these
people told the paper.
United hired aviation consulting firm Seabury Group LLC to
help it negotiate with the plane makers, the paper said.
Airbus, declined to confirm or deny United's request to
the Journal, while a Boeing spokesman declined to comment to
Reuters could not immediately reach United, Airbus or
Boeing for comments outside regular hours.
(Reporting by Ajay Kamalakaran and Esha Dey in Bangalore;
Editing by Muralikumar Anantharaman)