Published On: Wed, Jul 22nd, 2015

FedEx orders 50 Boeing freighters in deal worth $9.97 billion

The deal includes options for another 50 767Fs, and is the biggest order for the Boeing plane to date.

Boeing Co 767-300  FEDEX

FedEx Corp, the world’s largest cargo firm, has signed a deal to buy 50 additional Boeing Co 767-300 freighters in the biggest order ever for the plane, allowing the aircraft maker to extend its production line well into the next decade.

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.

 

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