Silver764 From United States of America, joined Jun 2006, 73 posts, RR: 0
Reply 2, posted (8 years 11 months 1 week 5 hours ago) and read 37245 times:
ON Fed Ex
November 07, 2006 11:09 AM Eastern Time
FedEx Express to Acquire Boeing 777 Freighters
Company Cancels A380 Order
MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Express, a unit of FedEx Corp. (NYSE: FDX), announced today an agreement with The Boeing Company (NYSE: BA) to acquire 15 new Boeing 777 Freighter aircraft with options to purchase an additional 15 aircraft. The decision to purchase the 777F was made after Airbus announced significant delays in delivery of the A380. FedEx Express notified Airbus that it has cancelled its order for 10 A380-800Fs.
"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.”
FedEx Express continues to be Airbus' largest wide-body airplane customer and will add additional new and used Airbus wide-body aircraft to its fleet in coming years. Six new A300-600 aircraft are scheduled to join the FedEx fleet in 2007.
Lumberton From United States of America, joined Jul 2005, 4708 posts, RR: 19
Reply 10, posted (8 years 11 months 1 week 5 hours ago) and read 37043 times:
Stunning is all I can say. Like others, I had almost expected this from UPS, but FEDEX? No way. Just as large as the A380 cancellation IMO is the fact that this huge 777F order (15 x 15) just about guarantees the success of this program. Simply incredible news.
"When all is said and done, more will be said than done".
Gokmengs From United States of America, joined Mar 2005, 1148 posts, RR: 2
Reply 12, posted (8 years 11 months 1 week 5 hours ago) and read 36916 times:
Its rather surprising news and IMO a bad one from FX. The A380F I think is perfectly suited for FX and UPS with 2 floors that provides a lot of space for parcel cargo. I don't blame traditional cargo carriers for not going with the 747-8F, but for parcel carriers I think 380F is the best choice, very surprising news and big blow to 380F program.
Wasn't FX brass raving about the 380F and how they will buy all the old pax versions and convert them to Freighters come 2020? What happened between then and now?
Bringiton From United States of America, joined Sep 2006, 866 posts, RR: 0
Reply 18, posted (8 years 11 months 1 week 5 hours ago) and read 36921 times:
Major blow ! The year is getting better and better for the 777 . Qatar announce that it is exerc. 20 options for the T7 , now the 15 F's and 4 777 for TAM . Boeing has more then doubled its 777 orders for the year in the last few weeks.