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FedEx Orders 50 Boeing 767 Freighters

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  • FedEx Orders 50 Boeing 767 Freighters

    SINGAPORE (Reuters) - FedEx Corp (FDX.N), the world's largest cargo firm, has signed a deal to buy 50 additional Boeing Co (BA.N) 767-300 freighters in the biggest order ever for the plane, allowing the aircraft maker to extend its production line well into the next decade.

    The deal, announced in a statement by the U.S. cargo operator, includes options for another 50 767Fs and is worth $9.97 billion at list prices. Customers typically receive an undisclosed discount off the list prices.

    FedEx said the aircraft will be delivered by Boeing for its FedEx Express arm over the fiscal years 2018-2023. The latest deal brings FedEx's firm orders for 767Fs to 106 and extends the company's drive to modernize its fleet.

    "Acquiring additional 767F aircraft...will enable us to reduce structural costs, improve our fuel efficiency and enhance the reliability of our global network," David J. Bronczek, president and chief executive officer of FedEx Express, said in the statement.

    (snip)

    FedEx had a fleet of 641 freighter aircraft as of May 31, according to data on its website. In addition to the 767F orders, it has also committed to 18 Boeing 777 freighters.

    (snip)

    The 767Fs will replace a number of older freighters, including Boeing MD10s and MD11s as well as Airbus Group (AIR.PA) A300-600s and A310s, which FedEx plans to retire in the coming years.

    FedEx Corp (FDX.N), the world's largest cargo firm, has signed a deal to buy 50 additional Boeing Co (BA.N) 767-300 freighters in the biggest order ever for the plane, allowing the aircraft maker to extend its production line well into the next decade. FedEx said the aircraft will be delivered by Boeing for its FedEx Express arm over the fiscal years 2018-2023. The latest deal brings FedEx's firm orders for 767Fs to 106 and extends the company's drive to modernize its fleet.

  • #2
    With the multitude of passenger 767s that are being retired, is it likely that Fed-Ex will be acquiring those in lesser multitudes? Understandably, the passenger 767s being retired will have higher cycles, and perhaps conversion processes are expensive - but their costs are minuscule compared to newly built aircraft. Or, will both be incorporated into one fleet with the lower cycle aircraft living on, as the higher cycle ones are gradually retired?

    Either way, a fantastic order, and likely discounted as it will serve to keep the 767 line open long enough to also produce the KC-76 and hope to see more of those sold.
    Whatever is necessary, is never unwise.

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