FedEx Express is buying another 19 Boeing Co. 767s, the cargo company said Friday.
The 19 767-300 aircraft will be delivered from fiscal 2015 to 2019 and replace current MD-10 and A310-200 jets. As part of the agreement, Boeing has agreed to convert four Boeing 777s — two in fiscal 2016 and two in fiscal 2017 — to 767 equivalent purchase value.
“FedEx Express is positioning itself for more profitable growth by modernizing its aircraft fleet and better aligning its U.S. domestic air network to match current and anticipated shipment volumes,” David J. Bronczek, CEO of FedEx Express, said in a statement.
The FedEx order is in addition to the order it placed in December 2011 for 27 767s and two 777s. At the time, FedEx’s 767 order was seen as a bridge for Boeing manufacturing between 767 commercial jets and 767-based tankers for the U.S. Air Force.
“This order of additional 767 Freighters by FedEx reinforces the value of the airplane’s capabilities in the market today and tomorrow,” Ray Conner, Boeing’s newly named president of commercial airplanes, said in a statement.
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