UPS Hails First Aviation Pact Between United States, Vietnam

UPS Hails First Aviation Pact Between United States, Vietnam

(EXCERPT) ATLANTA--(BUSINESS WIRE)--Oct. 10, 2003--UPS (NYSE: UPS)
today extended its congratulations to the governments of the United
States and Vietnam for successfully negotiating the first
comprehensive air service agreement between the two countries.

The agreement allows the airlines of both countries to provide
U.S.-Vietnam air service with their own aircraft as well as through
expanded code-sharing. The agreement also permits an unlimited number
of scheduled all-cargo carriers to operate with no limits on weekly
frequencies.

"This agreement will permit UPS to connect Vietnam to its global
network using its own aircraft whenever that is appropriate," said
Steve Okun, UPS's public affairs manager for Asia. "UPS looks forward
to building upon its already significant presence in Vietnam under
this agreement."

UPS is the world's largest package delivery company and a global
leader in supply chain services, offering an extensive range of
options for synchronizing the movement of goods, information and
funds. Headquartered in Atlanta, Ga., UPS serves more than 200
countries and territories worldwide. UPS's stock trades on the New
York Stock Exchange (UPS), and the company can be found on the Web at
UPS.com.

Contacts

UPS, AtlantaDavid Bolger, 202-716-4981...

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---------------------------
Otis Willie
Associate Librarian
The American War Library
http://www.americanwarlibrary.com