FedEx Express Plans to Acquire 50 Additional Boeing 767-300F Aircraft
July 21 2015 - 5:33PM
Business Wire
FedEx Express, a wholly owned subsidiary of FedEx Corp. (NYSE:
FDX), today agreed to purchase 50 additional 767-300F aircraft from
The Boeing Company as it continues to modernize its aircraft fleet
to more effectively serve its customers. 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.
“Acquiring additional 767F aircraft is a continuation of our
very successful air fleet modernization program and will enable us
to reduce structural costs, improve our fuel efficiency and enhance
the reliability of our global network,” said David J. Bronczek,
president and chief executive officer of FedEx Express.
For additional information about the FedEx Express aircraft
fleet, see the Q4 FY15 statistical book.
Corporate Overview
FedEx Corp. (NYSE: FDX) provides customers and businesses
worldwide with a broad portfolio of transportation, e-commerce and
business services. With annual revenues of $47 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 325,000
team members to remain "absolutely, positively" focused on safety,
the highest ethical and professional standards and the needs of
their customers and communities. For more information, visit
news.fedex.com.
Certain statements in this press release may be considered
forward-looking statements, such as statements relating to
management's views with respect to future events and financial
performance. Such forward-looking statements are subject to risks,
uncertainties and other factors which could cause actual results to
differ materially from historical experience or from future results
expressed or implied by such forward-looking statements. Potential
risks and uncertainties include, but are not limited to, economic
conditions in the global markets in which we operate, our ability
to execute on our profit improvement programs, legal challenges or
changes related to FedEx Ground’s owner operators, new U.S.
domestic or international government regulation, the impact from
any terrorist activities or international conflicts, our ability to
effectively operate, integrate and leverage acquired businesses,
changes in fuel prices and currency exchange rates, our ability to
match capacity to shifting volume levels and other factors which
can be found in FedEx Corp.'s and its subsidiaries' press releases
and filings with the SEC.
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FedEx Corp.Media Contact:Jess Bunn, 901-818-7463orInvestor
Contact:Mickey Foster, 901-818-7468fedex.com
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