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Boeing, Airbus split order
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September 9, 1998: 8:34 a.m. ET
GE leasing unit buys 12 767s for $1.27B, but order for A320s is richer
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NEW YORK (CNNfn) - Boeing Co., the aerospace giant that has been battling for market share with rival Airbus Industrie, said Wednesday that General Electric ordered 12 of its jetliners valued at $1.27 billion.
GE Capital Aviation Services (GECAS), a unit of GE Capital, agreed to purchase nine extended-range 767-300ERs and three 767-400ERs , the newest variation of the 767.
The deal, which brings GECAS orders for Boeing 767s to 44, is still smaller than the 30 aircraft GE (GE) ordered from Airbus Wednesday.
GECAS, which ordered 30 A-320s, took an option on 10 more, in a deal that could be worth up to $1.9 billion.
Boeing Wednesday also lost its fight with Airbus for United Parcel Service's business.
UPS agreed to buy up to 40 A300-600 freighter aircraft for as much as $5 billion.
Boeing, the longtime supplier of UPS freight planes, still has a shot at a smaller order from UPS.
But Tuesday, Boeing announced a $1.8 billion order from Brazil's Varig airline for 24 jetliners, plus options valued at about $1 billion.
Shares of Boeing (BA) closed unchanged Tuesday at 36-3/16 on the New York Stock Exchange. 
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