FedEx seizes the day

FEDEX   BOEING   AIR FREIGHT

Asia - FedEx Corp. has ordered two additional Boeing 777 Freighter aircraft to take advantage of the burgeoning trade in Asia.

This totals to a total of 32 purchases of long-range cargo planes for the company, Wall Street Journal reveals.

FedEx currently operates six 777s. "They allow us to have the only next-business-day delivery from Asia Pacific to Europe" and are able to fly between Asia and the US without having to stop to refuel, Jess Bunn, spokesman for FedEx says.

The two new plane orders are due to be delivered in 2013. Earlier in September, the company said it expected to take the delivery of four new 777s in the 2011 financial year, five each in fiscal 2012 and 2013, three each in fiscal 2014 and 2015, and ten more after.

FedEx also mentioned it had the ability to cancel 15 of its orders if its employees were no longer covered by the Railway Labour Act due to proposed changes in the US labour law.

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