FedEx places order for 24 new aircraft to modernise fleet as profits grow

Tax benefits played a part in boosting FedEx’s full-year profits, although margin pressures bit hard, and the logistics operator has placed a major new aircraft order.
Announced alongside its annual results, the company said it had ordered 12 Boeing 777 freighters and 12 B767 freighters as part of its modernisation programme.
During an investor call yesterday, chief operating officer Dave Bronczek said the aircraft, due for delivery between 2020 and 2025, would replace older, “less …

The post FedEx places order for 24 new aircraft to modernise fleet as profits grow appeared first on The Loadstar.

Source: The Loadstar

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