FedEx Express is to buy 19 Boeing 767-300 freighters to replace its existing MD-10 and A310-200 aircraft.
As part of the deal, Boeing will convert four Boeing 777s to 767 equivalent purchase value. FedEx Express currently operates 19 long-range 777 freighters and now is committed to purchase an additional 24 777s.
The B767s, which will be delivered from 2015 to 2019, provide similar capacity to the MD10s, with a 30 per cent increase in fuel efficiency and a reduction in unit operating costs of more than 20 per cent.
They also increase efficiency by sharing spare parts, tooling and flight simulators with the Boeing 757s which are part of the FedEx air fleet.
“FedEx Express is positioning itself for more profitable growth by modernising its aircraft fleet and better aligning its US domestic air network to match current and anticipated shipment volumes,” said David Bronczek, president and chief executive officer of FedEx Express.
FedEx plans to retire 50 aircraft by the end of 2013.