FedEx signs deal for 50 Boeing 767-300 Freighters

FedEx at Edmonton International Airport

FedEx has signed a deal to buy 50 Boeing 767-300 Freighters as part of its fleet modernisation programme.

The integrator announced the order in a statement on its website and says that it will allow it to “more affectively serve its customers”.

FedEx explains the deal includes options for another 50 767 Freighters and is said to be worth $9.97 billion at list prices. The deal brings FedEx’s firm orders for 767Fs to 106 through to the fiscal year 2023.

FedEx says Boeing will deliver the freighters over the fiscal years from 2018 to 2023. They will be operated on its FedEx Express arm.

FedEx Express president and chief executive, David Bronczek, explains: “Acquiring additional 767F aircraft is a continuation of our very successful air fleet modernisation program and will enable us to reduce structural costs, improve our fuel efficiency and enhance the reliability of our global network.”

FedEx had a fleet of 641 freighter aircraft as of 31 May, according to data on its website. In addition to the 767F orders, it has also committed to 18 Boeing 777 Freighters.

The 767Fs will replace a number of older freighters, including Boeing MD10s and MD11s as well as Airbus A300-600s and A310s, which FedEx plans to retire in the coming years.