FedEx grounding 10 A310Fs, four MD-10Fs.
FedEx revealed in a regulatory filing this week that it will "permanently remove" 10 A310-200Fs and four MD-10Fs from service by May 31. "This decision reflects management's ongoing efforts to optimize the company's express network in light of continued excess aircraft capacity due to weak economic conditions and the expected delivery of newer, more fuel-efficient aircraft in fiscal year [2009-10]," it informed the US Securities and Exchange Commission.
FedEx will take a $180 million charge related to the retirements in its fiscal fourth quarter ending May 31. The delivery giant has 30 777Fs on order for delivery through 2018, the first three arriving this year. It also is replacing its 727-200Fs with at least 87 757-200 converted freighters by 2016. It said a "limited amount of the company's total aircraft capacity remains temporarily grounded because of network overcapacity." (Source: Air Transport World)
FedEx revealed in a regulatory filing this week that it will "permanently remove" 10 A310-200Fs and four MD-10Fs from service by May 31. "This decision reflects management's ongoing efforts to optimize the company's express network in light of continued excess aircraft capacity due to weak economic conditions and the expected delivery of newer, more fuel-efficient aircraft in fiscal year [2009-10]," it informed the US Securities and Exchange Commission.
FedEx will take a $180 million charge related to the retirements in its fiscal fourth quarter ending May 31. The delivery giant has 30 777Fs on order for delivery through 2018, the first three arriving this year. It also is replacing its 727-200Fs with at least 87 757-200 converted freighters by 2016. It said a "limited amount of the company's total aircraft capacity remains temporarily grounded because of network overcapacity." (Source: Air Transport World)
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