Tuesday, June 12, 2012
Fedex Express to retire 24 aircraft
FedEx Express announced it plans to retire 24 aircraft from and take a charge of $84 million for the current quarter as the second largest package delivery undergoes an upgrade to its fleet with new Boeing planes.
Of the aircraft to be retired, 18 are Airbus A310-200, and the other six are Boeing MD10-10, the company said in a statement.
Fedex Express had already retired 5 aircraft this year and has plans to do the same with another 21.
"Along with the decisions to retire these 50 aircraft, we are also developing detailed operating and cost structure plans to further improve our efficiency," FedEx Express Chief Executive David Bronczek said in a statement.
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