FedEx Express Continues Modernization of Aircraft Fleet
November 08 2017 - 6:27AM
Business Wire
New ATR 72-600Fs Are Excellent Fit for Feeder
Aircraft Network
FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX),
announced today 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.
“The purchase of new, more advanced feeder aircraft like the ATR
72-600F is the next step in our very successful fleet modernization
strategy, which has helped us greatly improve our fuel efficiency
and fleet reliability in recent years,” said David L. Cunningham,
president and CEO, FedEx Express. “We worked closely with ATR,
which developed this new aircraft with special features to help us
grow our business, especially in the air freight market where
shipments are larger and heavier.”
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, B767s and B757s, MD11s,
MD10s, Airbus 300s and Airbus 310s.
About FedEx Express
FedEx Express is the world's largest express transportation
company, providing fast and reliable delivery to more than 220
countries and territories. FedEx Express uses a global
air-and-ground network to speed delivery of time-sensitive
shipments, by a definite time and date with a money-back
guarantee*.
*Subject to relevant terms and conditions.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses
worldwide with a broad portfolio of transportation, e-commerce and
business services. With annual revenues of $61 billion, the company
offers integrated business applications through operating companies
competing collectively and managed collaboratively, under the
respected FedEx brand. Consistently ranked among the world's most
admired and trusted employers, FedEx inspires its more than 400,000
team members to remain "absolutely, positively" focused on safety,
the highest ethical and professional standards and the needs of
their customers and communities. To learn more about how FedEx
connects people and possibilities around the world, please visit
about.fedex.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171108005775/en/
FedEx Media RelationsJonathan Lyons,
901-355-5306jonathanlyons@fedex.com
FedEx (NYSE:FDX)
Historical Stock Chart
From Aug 2024 to Sep 2024
FedEx (NYSE:FDX)
Historical Stock Chart
From Sep 2023 to Sep 2024