FedEx confirms billion dollar freighter order

FedEx is to purchase 50 additional 767-300F aircraft from Boeing as it continues to modernise its aircraft fleet.
In addition to the 50 confirmed orders, FedEx also has options to purchase a total of 50 767F aircraft.
Said FedEx: "The 50 firm-order aircraft will be delivered from fiscal 2018 through fiscal 2023. Total capital spending for fiscal 2016 remains at $4.6bn. The impact to capital spending in fiscal 2017 from this new order is immaterial. With this order, FedEx Express now holds a total of 106 firm orders for 767Fs from The Boeing Company through fiscal 2023.
David Bronczek, president and chief executive officer of FedEx Express, said: “Acquiring additional 767F aircraft is a continuation of our very successful air fleet modernization program and will enable us to reduce structural costs, improve our fuel efficiency and enhance the reliability of our global network.”