FedEx to invest $2.6 billion to buy, modify up to 90 757-200s
Wednesday September 27, 2006
FedEx said this week it will invest $2.6 billion to acquire and modify up to 90 757-200s to replace its 727-200 freighters.
The FedEx Express airline unit is expected to bring the new aircraft into service from 2008 to 2016.
“Compared to the 727 aircraft, the 757 has a 20% greater payload capacity and has an approximately 25% lower operating cost per pound,” FedEx said in a statement. “Replacing the older 727 aircraft with the more fuel efficient and quieter 757 aircraft will have the effect of significantly reducing operating costs over time and provide better aircraft utilization efficiencies.”
The company added that the program is expected to have “very positive financial benefits upon completion” and insisted its startup costs “will not materially affect earnings.”
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They currently operate a little more than 100 B727.
Q: Where will they get them from? From airlines switching to 787?
By: jethro15 - 12th October 2006 at 21:58
really?? what do you know mate??
Nothing confirmed as yet, but it’s not a foregone conclusion that they’ll go to Fed Ex (Well, not all of ’em!)
By: lukeylad - 12th October 2006 at 21:50
I wouldn’t put money on it!…………… 🙂
really?? what do you know mate??
By: jethro15 - 12th October 2006 at 21:39
Im guessing thats where BAs remianing 757s will go.
I wouldn’t put money on it!…………… 🙂
By: lukeylad - 12th October 2006 at 21:29
Im guessing thats where BAs remianing 757s will go.
By: wysiwyg - 12th October 2006 at 21:17
Article in Flight last week said they intended to buy up 10% of the worlds 757s in current operation!
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October 11, 2006 at 1:21 pm