Boeing, FedEx Express Announce Order for Four 767 Freighters

Wed Dec 19, 2012 9:33am EST

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Order continues FedEx's fleet modernization initiative
SEATTLE,  Dec. 19, 2012  /PRNewswire/ -- Boeing [NYSE: BA] and FedEx Express, a
wholly owned subsidiary of FedEx Corp., today announced an order for four 767
Freighters. The order is part of FedEx's initiative to modernize its fleet.

"These additional 767 orders will help accelerate our fleet modernization
program as we replace our aging MD-10 freighter fleet," said  James R. Parker,
FedEx Express executive vice president, air operations. "These new 767s will
provide significantly improved reliability and are substantially more
fuel-efficient than the aircraft they will replace. They will be an excellent
addition to the FedEx fleet."

The addition of the 767 Freighters will enable FedEx to replace its less
efficient medium widebody cargo airplanes with freighters that provide fuel,
maintenance and other cost savings. The freighters also increase efficiency by
sharing spare parts, tooling and flight simulators with the Boeing 757s that are
part of the FedEx air fleet.

"The 767 Freighter is an ideal fit for FedEx Express," said  Brad McMullen, vice
president of North America Sales for Boeing Commercial Airplanes. "It will
provide a more efficient freighter for FedEx Express's fleet modernization
efforts and help align its network with anticipated cargo volumes."

The 767 Freighter is based on the popular 767-300ER (extended range) passenger
airplane. Able to carry approximately 58 tons (52.7 tonnes) of revenue cargo
with intercontinental range, the 767-300 Freighter is ideal for developing new
long-haul, regional or feeder markets.

Tim Bader
North America/Leasing Communications

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SOURCE  Boeing
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