FedEx Express has placed an order with Boeing
for a further 12 767 Freighters and 12 777 Freighters.
The new airplanes
are valued at $6.6 billion at list prices.
"We are taking
another positive step in our fleet modernization program as we add
more efficient, lower emission aircraft to our global fleet," said
David L. Cunningham, President and CEO of FedEx Express. "The
Boeing 767 and 777 Freighters have brought greater efficiency and
reliability to our air operations. The 777, with its tremendous
range characteristics, has allowed us to provide faster transit
times around the globe. We are excited to add more of these
aircraft to our fleet."
comes as the air cargo industry continues to gather strength. A
year after demand grew by nearly 10%, global air freight is
on track to increase by another 4 to 5% in 2018.
With this latest order from
FedEx Express, Boeing has sold more than 50 widebody freighters so
far in 2018.
"We are honored that FedEx has again placed its
trust on the wings of the Boeing 767 and 777. This repeat order is
a big vote of confidence in Boeing's market-leading freighter
family and the long-term outlook for air freight," said Kevin
McAllister, president and chief executive officer, Boeing
FedEx Express and Boeing have a
long-standing partnership. The express carrier is a major operator
of the Boeing 757 Freighter and the largest operator of the 767
Freighter and 777 Freighter. FedEx is also a customer of Boeing's
Global Services business.
The 767 Freighter, based on the
767-300ER (extended range) passenger jet, can carry approximately
58 tons (52.7 tonnes) of revenue cargo with intercontinental
The 777 Freighter can fly 4,900
nautical miles (9,070 kilometers) with a payload of 112 tons (102
metric tonnes or 102,000 kg). With the 777 Freighter, FedEx has
been able to connect Asia with its hub in Memphis, Tenn. non-stop
and reduce transit times by up to three hours. This has enabled
FedEx to accept packages later in the day and still deliver them