You are here: Home » Reuters » News
Business Standard

FedEx orders Boeing freighters for $6.6 billion


(Reuters) - FedEx Express, a unit of package delivery company FedEx Corp , has ordered 24 medium and large freighters from Boeing Co , the world's biggest planemaker said on Tuesday, as e-commerce demand boosts air freight business. The new airplanes, Boeing's 767 and 777 freighters, have a list price of $6.6 billion, said Boeing, which has sold more than 50 widebody freighters so far this year, including the latest order.Air freight demand is expected to increase 4 percent this year, according to the International Air Transport Association (IATA). Last year was the best for cargo since 2010, ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, June 20 2018. 04:43 IST