Air France to sell freighters to FedEx
Air France-KLM has agreed to sell two new 777 freighters to FedEx. The sale comes as the company looks to downsize its all-cargo operation.
“This sale is in line with the current slump within the global air cargo industry,” the Franco-Dutch carrier said.
Air France Cargo said that the move will not alter the frequency of flights undertaken by the airline.
The sale figure remains undisclosed, but is expected to be around the $250m mark.
“Air France Cargo currently operates five aircraft — two 777-200 extended range freighters and three 747-400 extended range freighters. It has leased two 747-400s to Russian carrier Air Bridge and a third is due to be chartered out in March,” reported the Journal of Commerce.
“Air France-KLM owns Europe’s largest all-cargo fleet of 29 freighters but plans to significantly reduce its exposure to the sector by transferring some aircraft to its Amsterdam-based subsidiary Martinair and selling others to rival carriers,” the news agency continued.
