Tag Archives: 777F

FedEx Corporation completes the acquisition of French express transportation company, TATEX

FedEx Corporation (FedEx Express) (Memphis) announced today that it has completed the acquisition of TATEX, a leading French business-to-business express transportation company. This transaction represents the latest step in the companyโ€™s strategy to sustainably grow in Europe.

The addition of the TATEX business to the FedEx network will deliver an excellent extension to the service portfolio of both companies and will provide customers with more comprehensive international and domestic service options. The acquisition will give FedEx access to a nationwide domestic ground network which carries 19 million shipments and produces approximately EUR 150 million in revenues annually. In return, TATEX customers will gain direct access to the global FedEx network.

FedEx has been steadily broadening its European network and todayโ€™s announcement follows the recent acquisition of Opek, a Polish courier company with 1,200 employees and a network of 44 stations. In fiscal year 2012, FedEx opened 38 new stations across Europe, launched five Boeing 757-200 freighter flights on intra-European routes, and another Boeing 777F freighter (pictured) for long-haul routesโ€”bringing the total number of Boeing 777Fs operating FedEx routes in and out of Europe to four.

FedEx entered the French market in 1985. Since then the company has been continuously expanding its range of international shipping services in the market and today employs over 3,000 team members in the country. In 2009, the company expanded its EMEA hub at Parisโ€™ Roissy Charles de Gaulle airport, making it the biggest FedEx Express hub outside the U.S.

Copyright Photo: Nick Dean. The pictured brand new Boeing 777-FS2 N864FD (msn 37735) at Everett (Payne Field) joined the FedEx fleet on May 15, 2012.

FedEx Express:ย 

FedEx Express plans to acquire 19 additional Boeing 767-300F freighters and convert four 777 freighters

FedEx Express, a wholly owned subsidiary of FedEx Corporation (Memphis), today (June 29) agreed to purchase 19 additional Boeing 767-300F freighters from The Boeing Company to continue to improve the efficiency and technology of the FedEx air fleet.

As part of the agreement, Boeing has agreed to convert four Boeing 777 freighters — two in fiscal 2016 and two in fiscal 2017 — to 767 equivalent purchase value. FedEx Express currently operates 19 long-range 777 freighters and now is committed to purchase an additional 24 777s.

The 19 767s will be delivered from fiscal 2015 to 2019 and replace current McDonnell Douglas MD-10Fs and A310-200 freighters. The impact to capital spending in fiscal 2013 and fiscal 2014 is immaterial, and estimated fiscal 2013 capital spending remains at $3.9 billion. The 767s are substantially more fuel efficient and reliable than the aircraft they will replace.

The 767s will provide similar capacity as the MD-10s, with an approximate 30 percent increase in fuel efficiency and a reduction in unit operating costs of more than 20 percent. They also increase efficiency by sharing spare parts, tooling and flight simulators with the Boeing 757-200s which are part of the FedEx air fleet.

Todayโ€™s action is in addition to a FedEx Express agreement with Boeing announced in December 2011 to purchase 27 new 767s for delivery between fiscal 2014 and 2018 and delay delivery of a number of 777s.

In June, FedEx announced the permanent retirement from service of 18 Airbus A310 aircraft and 26 related engines, as well as six McDonnell Douglas MD-10 aircraft and 17 related engines, bringing the total to 50 aircraft to be retired by the end of fiscal 2013.

Image: Boeing.

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Boeing celebrates two years of 777 freighter operations

Boeing (Chicago, Seattle, Wichita and Charleston) is celebrating the second anniversary of the Boeing 777 freighter in service.

The growing fleet of 777 freighters has flown approximately 120,000 hours and boasts a daily utilization rate of 11.34 hours. Fleet schedule reliability is at 99.37 percent, which means the freighter has a near-perfect record of on-time takeoff and landings. Eighty-three have been ordered, and 39 freighters now are in service with nine airlines.

FedEx Express is the largest 777 freighter operator with a fleet of 11 currently in operation, and another airplane just delivered. An additional 13 777 freighters remain in Boeing’s backlog for FedEx.

Copyright Photo: Nick Dean. Please click on the photo for additional information.

TNT Airways to lease three Boeing 777F freighters

TNT Airways (Liege) will lease three new long-range Boeing 777F freighters from Guggenheim Aviation Partners. The new type is expected to enter service in July 2011.

Copyright Photo: Michael B. Ing. TNT Airways currently operates four Boeing 747-400F freighters.

FedEx orders two more Boeing 777F freighters

FedEx Express (Memphis) has ordered two more Boeing 777F freighters.

Copyright Photo: Nick Dean. Departing in the early morning misty light at Everett (Paine Field) is new Boeing 777-FS2 N851FD (msn 37722).

China Southern Airlines first half profit increases to over $30 million

China Southern Airlines (Guangzhou) reported a first half profit of $30.5 million.

Read the full report in the WSJ:

CLICK HERE

Copyright Photo: Nick Dean. Boeing 777-F1B B-2072 (msn 37310) climbs away from Everett (Paine Field).

LAN Airlines reports a 2Q net profit of $60.6 million

LAN Airlines (Chile) (Santiago) reported net income of $60.6 million (US) for the second quarter compared to $4.2 million in the same period in 2009.

As previously reported, In July 2010, LAN signed a memorandum of understanding (MOU) for the purchase of 50 Airbus A320 family aircraft to be delivered between 2012 and 2016. The new aircraft will operate regional and domestic flights within Latin America.

LAN also signed an agreement in July with Boeing to adjust the delivery of 2 Boeing 787-8 Dreamliner aircraft to 2012. This modification to LANโ€™s fleet plan will allow the company to receive a total of 5 Boeing 787-8 Dreamliner aircraft in 2012. This is in addition to the anticipated delivery of 10 Boeing 787-8 Dreamliner already announced in March 2010. As a result, LAN will be the first airline in the western hemisphere to take delivery of this new and modern aircraft.

Copyright Photo: Ton Jochems. This beautiful composure showcases LAN Cargo’s Boeing 777-F6N N772LA (msn 37708) taxiing at Amsterdam.

China Eastern Airlines and Shanghai Airlines are pushing consolidation of their cargo subsidiaries

China Eastern Airlines (Shanghai) and its wholly-owned subsidiary Shanghai Airlines (Shanghai) are now pushing for consolidation of their cargo subsidiaries according to this published report.

China Eastern’s China Cargo Airlines and Shanghai Airlines’ Shanghai Cargo Airlines would be merged if parent China Eastern can reach agreement with some of the external stockholders of both subsidiaries. China Eastern needs to consult with those shareholders to agree on any restructuring.

Read the full report:

CLICK HERE

Copyright Photo: Nick Dean. China Cargo Airlines’ brand new Boeing 777-F6N B-2077 (msn 37713) departs from Everett (Paine Field).

Boeing delivers two Boeing 777F freighters to Southern Air

Thai Cargo Boeing 777F N775SA, originally uploaded by SteelDreams.

Boeing (Chicago, Seattle, Wichita and Charleston) has delivered two 777F freighters to Southern Air (2nd) (Southern Air Holdings, Inc.), the first 777s to join the Norwalk, Conn.-based cargo carrier’s fleet.

The addition of these two airplanes makes Southern Air (Anchorage) the world’s first aircraft, crew, maintenance and insurance (ACMI) operator to feature the 777F freighter.

Southern Air has entered into an agreement to operate the two 777F freighters on behalf of Thai Airways International (Bangkok). Thai Airways will utilize the full capacity of the 777F freighters, becoming the first carrier in Southeast Asia to offer this capability to its freight customers.

Southern Air is a portfolio company of Oak Hill Capital Partners. In addition to the new Boeing 777 Freighters, Southern Air operates a fleet of 16 Boeing 747 Freighter airplanes.

Copyright Photo: SteelDreams. The second Boeing 777-FZB N775SA (msn 37987) is pictured at Everett in the new “generic” color scheme featuring Thai’s web address. N775SA was handed over on March 3 and joins the previously delivered N774SA.

Southern Air (2nd) accepts its first Boeing 777F for operation for Thai Airways International

Southern Air 777, originally uploaded by Steve__N.

Southern Air (2nd) (Anchorage) on February 17 took delivery of its first modern Boeing 777F freighter. Boeing 777-FZB N774SA (msn 37986) was accepted in a white condition. The freighter flew to Victorville, CA for painting in this somewhat generic 2010 livery with Thai’s web address. Southern Air is the world’s first ACMI operator of the 777F.

Thai Airways International (Bangkok) has entered into a block space agreement with Southern Air to utilize the full capacity of the first two 777Fs. Thai Cargo and Southern Air will officially announce the freighter operation in March at Thai Cargo’s facility at the Suvarnabhumi International Airport in Bangkok.

The second 777-FZB (N775SA, msn 37987) is also fully painted at Everett (Paine Field) and will be delivered on March 2.

Copyright Photo: Steve N. N774SA is pictured at the ANC base.