FedEx orders 24 new Cargo planes

FedEx Express has ordered 12 767 Freighters and 12 777 Freighters, valued at $6.6 billion at list prices.

“We are taking another positive step in our fleet modernization program as we add more efficient, lower emission aircraft to our global fleet,” said David L. Cunningham, President and CEO of FedEx Express. “The Boeing 767 and 777 Freighters have brought greater efficiency and reliability to our air operations. The 777, with its tremendous range characteristics, has allowed us to provide faster transit times around the globe. We are excited to add more of these aircraft to our fleet.”

This order comes as the air cargo industry continues to gather strength. A year after demand grew by nearly 10%, FedEx Express anticipates global air freight to increase by another four to five percent in 2018.

Air cargo carriers are adding capacity to keep up with demand, either by converting passenger airplanes into freighters or ordering new production cargo jets. With the latest order from FedEx Express, Boeing has sold more than 50 widebody freighters so far in 2018.

“We are honored that FedEx has again placed its trust on the wings of the Boeing 767 and 777.