Air France to sell two 777 freighters to FedEx

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Air France is intending to sell a pair of its Boeing 777 freighters to US cargo specialist FedEx.

The airline has signed a letter of intent for the sale, which will enable it to cut excess capacity following the decline in the air freight sector.

Air France Cargo states that the twin-jets are new airframes and "have not yet started commercial operations".

"This sale is in line with the current slump period within the global air cargo industry," it says, adding that the decision will not affect the carrier's freight services.

The carrier ordered five 777Fs in 2005, and two have been delivered.

It indicated last year, however, that the 777F was among the types for which the carrier was seeking to defer delivery.

Just a few weeks beforehand FedEx had deferred delivery of some of its own 777Fs, from an order of 15 placed in 2006.

The carrier has stated in regulatory filings that it is "committed" to acquiring another 15 of the type, although Boeing's order backlog still shows only 15 assigned to FedEx.

FedEx took delivery of its first 777F in September last year.