FedEx Express to acquire 50 additional Boeing 767-300F freighters

FedEx Express (Memphis), a wholly owned subsidiary of FedEx Corporation (Memphis), has agreed to purchase 50 additional 767-300F aircraft from The Boeing Company. In addition to the 50 confirmed orders, FedEx also has options to purchase a total of 50 767F aircraft.

The 50 firm-order aircraft will be delivered from fiscal 2018 through fiscal 2023. Total capital spending for fiscal 2016 remains at $4.6 billion. The impact to capital spending in fiscal 2017 from this new order is immaterial. With this order, FedEx Express now holds a total of 106 firm orders for 767Fs from The Boeing Company through fiscal 2023.

The newer 767Fs will help the company retire its older aircraft. From this fleet plan as of May 31, 2015, the company was planning to retire the Airbus A310s in 2016 and the McDonnell Douglas MD-10-10s and MD-10-30s in 2021. This may now be expedited with this order.

FedEx Express fleet 5.31.15

The order will also help Boeing keep the 767 line going.

Copyright Photo: James Helbock/AirlinersGallery.com. Boeing 767-3S2F ER N102FE (msn 42707) approaches the runway at San Diego.

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