Category Archives: FedEx Express

FedEx Express orders 30 ATR 72-600F freighters

FedEx Feeder-Empire Airlines (3rd) ATR 72-212 (F) N805FX (msn 372) ANC (Michael B. Ing). Image: 930573.

FedEx Express, a subsidiary of FedEx Corporation, has announced it has completed a purchase agreement with ATR that will begin to modernize the company’s fleet of feeder aircraft.

Under the agreement, FedEx Express is making a firm purchase of 30 ATR 72-600F aircraft with options to purchase up to 20 additional ATR 72-600Fs. Delivery of the first aircraft is expected in 2020, with subsequent deliveries of about six aircraft per year over a five year period.

ATR 72-600Fs will have:

  • a forward Large Cargo Door (LCD) and a rear upper-hinged cargo door
  • digital cockpits
  • advanced avionics technology and enhanced take-off performance
  • ADS-B “out” capabilities

The ATR 72-600F is equipped with reinforced floor panels and will support both bulk cargo and Unit Load Device (ULD) configurations. The aircraft has a bulk capacity of 2,630 cubic feet (74.6 cubic meters). When in ULD mode, it can accommodate up to seven LD3 containers, or five 88” x 108” pallets, or nine 88” x 62” pallets.

Current FedEx feeder aircraft do not carry containers or palletized freight, so these new features will help the company better serve customers in the air freight market where palletized shipments are the norm.

FedEx currently deploys more than 300 feeder aircraft in 45 countries. Most of these feeder aircraft are owned by FedEx, and are leased and operated by different third-party air carriers under their own operating certificates. The FedEx feeder fleet is comprised of aircraft under 60,000 pounds maximum gross take-off weight, and allows the company to provide fast, economical service to small and medium-sized markets around the world.

The FedEx feeder fleet complements the company’s jet fleet of over 360 aircraft, including Boeing 777s, 767s and 757s, MD-11s, MD-10s, Airbus A300s and Airbus A310s.

Copyright Photo: The new ATR 72-600s will replace the older ATR 42s and ATR 72s. FedEx Feeder-Empire Airlines (3rd) ATR 72-212 (F) N805FX (msn 372) ANC (Michael B. Ing). Image: 930573.

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Boeing, FedEx Express are collaborating on the latest ecoDemonstrator Program testing

Boeing-FedEx "ecoDemonstrator Program"

On July 6, 2017 Boeing made this announcement. Now the program is ready to proceed with a dedicated freighter.

As part of the continuing effort to accelerate aerospace innovation, Boeing and FedEx Express, a subsidiary of FedEx Corporation and the world’s largest express transportation company, will work together to fly the next ecoDemonstrator.

Starting in 2018, a new Boeing 777 Freighter made for FedEx Express will test emerging technologies, such as propulsion advancements and flight deck innovations.

The ecoDemonstrator program, now in its fifth iteration, serves as a series of flying testbeds designed to improve the environmental performance and safety of future airplanes.

“The ecoDemonstrator program is focused on harvesting exciting new technologies that will benefit our airline customers, the flying public and the environment,” said Mike Sinnett, vice president of Boeing Commercial Airplanes Product Development.

The collaboration on the newest ecoDemonstrator project is the latest in a 38-year relationship between Boeing and FedEx.

“FedEx is committed to developing and implementing innovative solutions that connect the world responsibly and resourcefully,” said David Cunningham, president & CEO, FedEx Express. “We’re proud to work with Boeing and use our 777 Freighter to play a key role in bringing future benefits to the entire aviation industry.”

This round of ecoDemonstrator testing includes installing a compact thrust reverser developed by Boeing designed to save fuel, flight deck improvements that can improve efficient operations in and out of busy airports, and flying prototype airplane parts using cutting-edge manufacturing techniques that reduce material waste.

Flight testing is scheduled to last approximately three months before the airplane returns to the FedEx fleet.

Top Copyright Photo: FedEx Express Boeing 777-FS2 N878FD (msn 40684) (ecoDemonstrator Program) PAE (Nick Dean). Image: 939725.

Bottom Copyright Photo: FedEx Express Boeing 777-FS2 N878FD (msn 40684) (ecoDemonstrator Program) PAE (Nick Dean). Image: 939726.

Boeing-FedEx "ecoDemonstrator Program"

N885FD with “FedEx Panda Express” 2017 special markings transports Bao Bao to China

N885FD with "FedEx Panda Express" 2017 special markings transports Bao Bao to China

Bao Bao (BOW-BOW) the 3 ½ year-old giant panda began her journey to China on the morning on February 21, 2017. She departed the Smithsonian’s National Zoo at 11 a.m. for Dulles International Airport, where she boarded a FedEx Express Boeing 777F plane bound for Chengdu, China. The nonstop flight took about 16 hours. Bao Bao’s departure from the Zoo was broadcast via Facebook Live.

On the morning of February 21, 2017, the panda team arrived at 6:30 a.m. to finalize preparations for Bao Bao’s departure. Bao Bao received her morning diet of 17 pounds (8 kilograms) of bamboo and 5.4 (150 grams) leafeater biscuits and spent time in her outdoor habitat. Already acclimated from daily training, keeper Marty Dearie called Bao Bao back indoors and then into the custom travel crate at approximately 10 a.m. Zoo staff moved the crate onto a specially-decorated forklift which traveled carefully out of the David M. Rubenstein Giant Panda Habitat through the Zoo and was loaded on a FedEx Express truck. Dennis Kelly, director of the Zoo, was joined by Ambassador Cui Tiankai from the People’s Republic of China, Smithsonian Regent and Zoo giant panda conservation program supporter David Rubenstein and animal care staff to say goodbye.

In 2010, FedEx Express transported Bao Bao’s brother Tai Shan from The National Zoo to the China Conservation and Research Center in Chendgdu. FedEx Express also provided the transport for Bao Bao’s parents, Mei Xiang and Tian Tian, from China to the United States in 2000.

The specialized travel crate is made of steel and weighs approximately 800 lbs. Marty Dearie, one of the keepers who has cared for Bao Bao since her birth, and Katharine Hope, veterinarian at the Zoo will make the 8,600-mile trip with her. They continuously monitored Bao Bao during the trip and traveled with a supply of her favorite treats, including 50 pounds of bamboo, 2 pounds apples, 2 bags of leafeater biscuits, cooked sweet potatoes and water.

Upon arrival in Chengdu, Bao Bao’s new keepers from China Conservation and Research Center for the Giant Panda drove her to Dujiangyan Panda Base where she will stay in quarantine for approximately 30 days. The American team will follow, and Dearie will remain with Bao Bao for three days while she acclimates to her new home. It is not confirmed if Bao Bao will remain at Dujiangyan after the quarantine period has ended. Bao Bao will enter the giant panda breeding program when she reaches sexual maturity between 5 and 6 years old.

The panda team prepared Bao Bao for the move to make sure she is comfortable and safe during her journey. To slowly acclimate her to the travel crate, keepers asked Bao Bao to walk through it every day. After she became comfortable doing that, they got her used to spending short periods of time in it with the doors closed.

Bao Bao was born at 5:32 p.m. August 23, 2013, at the Zoo’s David M. Rubenstein Family Giant Panda Habitat. Her name translates to “precious” or “treasure” in Chinese. Both Mrs. Michelle Obama, former first lady of the United States, and Madame Peng Liyuan, first lady of China sent congratulatory messages for her naming ceremony when she was 100 days old. At her first birthday zhuazhou (dra-JO) ceremony, she selected a banner depicting peaches, representing longevity. She is the second surviving cub of her parents Mei Xiang (may-SHONG) and Tian Tian (tee-YEN tee-YEN).

Giant pandas are listed as “vulnerable” in the wild by the International Union for Conservation of Nature. There are an estimated 1,800 in the wild. The Smithsonian’s National Zoo and Conservation Biology Institute is a leader in giant panda conservation. Ever since these charismatic bears arrived at the Zoo in 1972, animal care staff and scientists have studied giant panda biology, behavior, breeding, reproduction, and disease. These experts are also leading ecology studies in giant panda’s native habitat. The Zoo’s giant panda team works closely with colleagues in China to advance conservation efforts around the world. Chinese scientists are working to reintroduce giant pandas to the wild.

Copyright Photo: FedEx Express Boeing 777-FS2 N885FD (msn 41064) (FedEx Panda Express 2017) IAD (Brian McDonough). Image: 936065.

 

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FedEx and TNT Express march towards their merger with no object from the European Commission

FedEx Corporation logo

FedEx Corporation (Memphis) and TNT Express N.V. (Hoofddorp, Netherlands) have jointly issued this statement concerning the on-going acquisition by FedEx of TNT stock:

TNT logo

This is a joint press release by FedEx Corporation, FedEx Acquisition B.V. and TNT Express N.V. pursuant to the provisions of Article 5:25i paragraph 2 of the Dutch Act on Financial Supervision (Wet op het Financieel Toezicht) and Article 4 paragraph 3, of the Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft) in connection with the recommended public offer by FedEx Acquisition B.V. for all the issued and outstanding ordinary shares in the capital of TNT Express N.V., including all American depositary shares representing ordinary shares. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in TNT Express N.V. The Offer is made solely pursuant to the offer document, dated August 21, 2015 (the Offer Document), approved by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten). Terms not defined in this press release will have the meaning as set forth in the Offer Document.

FedEx Corporation (FedEx), FedEx Acquisition B.V. (the Offeror) and TNT Express N.V. (TNT Express) hereby jointly confirm in response to recent media coverage, that to date they have not received a Statement of Objections from the European Commission. The internal deadline of the European Commission for issuing a Statement of Objections would have expired on October 23, 2015, but FedEx and TNT have been informed by the European Commission that no Statement of Objections will be issued. FedEx and TNT continue to expect that the Offer will close in the first half of calendar year 2016.

FedEx Express and its pilots agree to a new contract

FedEx Express (Memphis) and its pilots, represented by ALPA, have finalized a new contract.

ALPA issued this statement:

ALPA logo-2

The pilots of FedEx Express, represented by the Air Line Pilots Association, Int’l. (ALPA), have approved a new contract agreement with FedEx management. The new agreement provides across-the-board increases to hourly pay rates and new-hire compensation, a significant signing bonus, retirement plan enhancements, work-rule improvements, and other positive modifications.

Copyright Photo: Ken Petersen/AirlinersGallery.com. Airbus A300B4-622R (F) N686FE (msn 804) departs from Raleigh-Durham International Airport (RDU).

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TNT Express stockholders approve the FedEx offer to acquire TNT

TNT Express (TNT Express N.V.) (TNT Airways) (Hoofddorp, Netherlands) stockholders today (October 5) approved the acquisition offer of FedEx Corporation (FedEx Express) (Memphis). The company issued this statement:

TNT Express logo

TNT Express N.V. (“TNT Express”) announces that the Extraordinary General Meeting of Shareholders (“EGM”) was held today, as per the agenda dated August 21, 2015.

At the EGM, the shareholders discussed the recommended public offer by FedEx Acquisition B.V., an indirect wholly-owned subsidiary of FedEx Corporation, for all issued and outstanding ordinary shares including ordinary shares represented by American depositary shares of TNT Express. The Executive Board and Supervisory Board of TNT Express restated their support and recommendation for FedEx’s offer, which is set to provide compelling benefits and opportunities to TNT’s customers, employees and shareholders. Accordingly, the Boards recommended to shareholders to tender their shares pursuant to the offer.

Furthermore, the general meeting resolved to adopt the following resolutions:

  • Conditional Asset Sale and Liquidation
  • Conditional amendment of TNT Express’ articles of association as per the Settlement Date
  • Conditional conversion of TNT Express in a B.V. and amendment of the Articles of Association as per the date of delisting from Euronext Amsterdam and pursuant to the conversion
  • Conditional appointment of Mr. D. Cunningham as member of the Supervisory Board as per the Settlement Date
  • Conditional appointment of Ms. C.P. Richards as member of the Supervisory Board as per the Settlement Date
  • Conditional appointment of Mr. D. Bronczek as member of the Supervisory Board as per the Settlement Date
  • Conditional appointment of Mr. D. Binks as member of the Executive Board as per the Settlement Date
  • Conditional appointment of Mr. M. Allen as member of the Executive Board as per the Settlement Date
  • Conditional amendment of the 2014 remuneration policy of the Executive Board to make changes to the remuneration of Mr. De Vries as per the Settlement Date
  • Conditional granting of full and final discharge from liability to all members of the Supervisory Board for their functioning until the date of the EGM, as per the Settlement Date: Mr A. Burgmans, Mr. S. Levy, Ms. M.E. Harris, Mr. R. King, Ms. M.A. Scheltema and Mr. S.S. Vollebregt
  • Conditional granting of full and final discharge from liability to all members of the Executive Board for their functioning until the date of the EGM, as per the Settlement Date: Mr L.W. Gunning and Mr. M.J. de Vries

As a result, FedEx Corporation issued this statement:

FedEx Corporation logo

FedEx Corporation has taken note of TNT Express N.V.’s (TNT Express) press release in relation to the Extraordinary General Meeting that took place today (the EGM) confirming that the shareholders of TNT Express approved all of the resolutions on the agenda. This release is made in connection with the recommended public offer by FedEx Acquisition B.V. (the Offeror) for all of the issued and outstanding ordinary shares in the capital of TNT Express, including all ordinary shares represented by American depositary shares (the Offer), as more fully described in the Offer Document.

“We appreciate that the shareholders of TNT Express approved the resolutions of TNT Express’ Extraordinary General Meeting,” said David Binks, Regional President Europe, FedEx Express. “We believe the combination of these two great companies will provide significant value to the employees, customers and shareowners of both TNT Express and FedEx, and we continue to work constructively with the regulatory authorities around the world to obtain clearance of the acquisition.”

EGM Resolutions and Offer Period

The Asset Sale and Liquidation Resolutions, the Conversion Resolution and the Governance Resolutions are conditional on the Offer being declared unconditional and the Settlement thereof. The Asset Sale and Liquidation Resolutions are also conditional upon the number of Shares tendered under the Offer, together with those Shares held by or committed to the Offeror or its affiliates and the Shares to which the Offeror or its affiliates are entitled, being less than 95% but at least 80% of TNT Express’ aggregate issued and outstanding ordinary share capital.

As a result of the Asset Sale and Liquidation Resolutions and the Conversion Resolution having been adopted, under the terms and subject to the conditions of the Offer, the minimum acceptance condition of the Offer will be 80% (and not 95%) of TNT’s aggregate issued and outstanding ordinary share capital, on a fully diluted basis, as of the time and date on which the Offer expires.

As previously announced, the Acceptance Period under the Offer is currently scheduled to expire at 17:40 hours CET (11:40 a.m. New York time) on October 30, 2015, unless extended in accordance with the terms of the Offer. FedEx and TNT Express are on track to obtain all necessary approvals and competition clearances.

The Combination presents a highly pro-competitive proposition for the provision of small package delivery services within and outside Europe. The networks of TNT Express and FedEx are largely complementary, given that FedEx’s strength is providing U.S. domestic and extra-EEA international services, while TNT Express’ focus is on providing intra-European services. The Combination would allow the parties to sell a more competitive e-commerce offering in the market, which should benefit consumers and SMEs in Europe and beyond. Based on the required steps and procedures in Europe, Brazil, China and other jurisdictions around the world, however, some of the approvals and competition clearances could be received after October 30, 2015. This would cause the Acceptance Period to be extended. In accordance with the terms and conditions in the Offer Document, the Offeror will announce any such extension by press release no later than three Dutch business days following the expiry of the current Acceptance Period.

European Commission logo

In April 2015, FedEx announced its intention to buy TNT Express for €4.4 billion ($4.8 billion; £3.2 billion), as it looks to expand its operations in Europe. The European Commission launched its investigation into the planned acquisition on July 31, 2015. The EC will decide by December 7, 2015.

Copyright Photo: Paul Denton/AirlinersGallery.com. TNT Airways Boeing 777-FHT OO-TSB (msn 39266) approaches the runway at Dubai.

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FedEx pilots’ union leadership approves the the tentative agreement

The FedEx Master Executive Council (MEC), the governing body of the FedEx Express (Memphis) unit of the Air Line Pilots Association, Int’l (ALPA), voted to approve the tentative contract agreement reached on August 19 with FedEx management.

ALPA logo-2

The agreement now goes before more than 4,000 FedEx pilots eligible to vote in balloting that is scheduled to begin September 28, 2015, and close on October 20, 2015.

The new agreement provides across-the-board increases to hourly pay rates and new-hire compensation, a significant signing bonus that addresses the time elapsed since the agreement was amendable, retirement plan enhancements, and work-rule improvements. If ratified, the contract will go into effect November 2015 and would become amendable in 2021.

Copyright Photo: Ken Petersen/AirlinersGallery.com. Airbus A300B4-622R (F) N728FD (msn 581) climbs away from Raleigh-Durham International Airport (RDU).

FedEx Express aircraft slide show: AG Airline Slide Show

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