FedEx buys smaller freighters
FedEx Express announced Monday that it is buying eight regional aircraft from Continental Airlines for use in its domestic network.
FedEx will take delivery of the French-built ATR 42-320s between Jan. 27 and the end of February for an undisclosed purchase price.
The aircraft will have a maximum payload of 12,000 pounds after they are converted to all-cargo configuration. FedEx Express, a unit of FedEx Corp., did not say when or where the small passenger jets will be converted to freighters or how long that process will take.
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