FedEx expands 777 and 757 purchase commitments

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FedEx has increased its purchase commitments for Boeing 777 Freighters and Boeing 757-200s in the past three months, based on company filings with the US regulators.

The company had said in a previous filing that it as of 28 February it had 32 777Fs slated for delivery in fiscal 2012 and beyond, with six 777Fs scheduled for delivery in fiscal 2012. FedEx's fiscal year ends on 31 May.

Based on a more recent filing, as of 31 May the company had a total of 33 purchase commitments for the type in fiscal 2012. Its purchase commitments for 777Fs in fiscal 2012 have increased to seven aircraft. As of 31 May, FedEx had 12 777Fs in its fleet.

The Memphis-based company is also expanding its fleet of 757-200s. FedEx had said previously that at as of 28 February it was expecting 11 757s in fiscal 2012, with no deliveries in subsequent years. As of 31 May the company had purchase commitments for 16 757s for fiscal 2012 delivery, with four more aircraft coming in fiscal 2013.

As of 31 May FedEx had 58 757s in its fleet, and the carrier said currently 21 are not in operation. Twelve are waiting to begin modifications, while nine are currently undergoing modification.

FedEx's 757s "are replacing our Boeing 727 aircraft, and we expect to be completely transitioned out of this aircraft type by 2016", said the company. As of 31 May, FedEx operated 67 of the type.

According to data provided by FedEx, 23 727-200s are slated for retirement in fiscal 2012.