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  • 18 minutes ago
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00:00A fleet of UPS cargo planes grounded after this month's deadly crash in Louisville, Kentucky, will now be parked longer than anyone expected, and it could squeeze holiday deliveries.
00:13A leaked internal memo, not Wednesday, says the company's entire McDonnell Douglas MD-11 fleet will be down for months, not weeks.
00:22These aircraft make up 9% of UPS's fleet and 11% of FedEx's.
00:27A small slice on paper, but they represent hundreds of daily flights and thousands of packages.
00:34Boeing, which now owns McDonnell Douglas, reportedly told UPS the required inspections and structural repairs are far more extensive than first thought,
00:43and that every single aircraft will need to be torn down to identify and remove aging parts.
00:49The remaining 109 MD-11s for UPS are all more than 30 years old on average.
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