Canceled UPS order a blow to Airbus program

? Airbus was left with an empty order book for the cargo version of its much-delayed superjumbo plane after UPS Inc. said Friday it would cancel its order for 10 A380s.

The move comes just a week after UPS, the world’s largest shipping carrier, and Airbus announced a revised agreement that gave either party the right to terminate the order.

In a statement, Atlanta-based UPS said it decided to cancel after it learned Airbus was diverting employees from the freighter program to work on its passenger plane program.

The announcement by UPS comes four months after rival FedEx Corp. also scrapped its 10-plane order, and leaves Airbus with no orders for the superjumbo freighter – dealing a new blow to its A380 program, whose two-year delay cut $6.6 billion off profit forecasts for 2006-10. Airbus still has orders for passenger versions of the A380.