FedEx Delays Delivery of Air Freighters
FedEx Corp. has delayed delivery of some Boeing Co. 777 freighter planes by as long as 17 months, due to a lag in shipments demand, Bloomberg reported.
The revised schedule will defer commitments of $275 million from 2009 to future periods, FedEx said in a regulatory filing, Bloomberg reported.
FedEx is the largest customer for Boeing’s new model, and the carrier is buying more-efficient Boeing 757 and 777 freighters as it expands overseas air deliveries and retires older jets, Bloomberg said.
FedEx has 15 of the 777s on order, with four scheduled to be delivered in 2010, and will delay six that were scheduled for 2011 by at least a year, while two will be pushed back to 2013, Bloomberg reported.
FedEx, ranked No. 2 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers, reported higher fiscal second-quarter income on Thursday, but said it would trim salaries and other costs in light of lagging demand.
