FedEx Drops A380, Chooses 777 Instead
In a statement released to the press today, FedEx Corp announced that they have entered into a contract with Boeing to purchase fifteen new 777F freighter aircraft from Boeing with an option to order fifteen more. In the same announcement, FedEx released that they have canceled their order for 10 A380 freighter aircraft from Airbus. The delays are finally catching up with them.
"Global demand for air cargo and express services continues to grow rapidly and FedEx has made significant investments in our network to meet customers’ needs and fulfill our business objectives. Therefore, it was necessary and prudent for us to acquire the Boeing 777 Freighter." said Frederick W. Smith, chairman, president and chief executive officer, FedEx Corp. "The availability and delivery timing of this aircraft, coupled with its attractive payload range and economics, make this choice the best decision for FedEx, its customers, shareowners and employees."
