FedEx upgrades aging Boeing fleet
FedEx Corp. will spend USD2.6 billion to buy and upgrade nearly 90 Boeing 757-200s to replace its aging fleet of Boeing 727s.
The aircraft will begin flying between 2008 and 2016, the Memphis-based shipping company said Monday. The 757s have 20 per cent greater cargo capacity and use less fuel, the company said.
The larger, more fuel-efficient aircraft will decrease spending on fuel and reduce pollution and airport noise, the company said.
The company said it hadn’t yet reached agreements to acquire the planes.
