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VOL. 128 | NO. 60 | Wednesday, March 27, 2013

FedEx to Buy Boeing Jets From United Airlines

THE ASSOCIATED PRESS

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FedEx Corp. says it will buy up to 30 Boeing aircraft from United Airlines and convert them into cargo planes.

Financial terms of the deal were not released.

FedEx disclosed its plans in a regulatory filing. The package-delivery company said it would buy 14 Boeing 757 aircraft, which will be delivered through 2015, and could buy up to 16 more 757s.

United announced last year that it would buy 150 Boeing 737s over the next several years to replace older 757s.

FedEx spokesman Jess Bunn said Monday that the purchase of planes from United is the latest move in a fleet-modernization program that started several years ago.

“We are retiring older, less-efficient aircraft and replacing them with more modern and efficient ones,” he said.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 102 224 17,767
MORTGAGES 127 277 20,703
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 510 36,326
BANKRUPTCIES 54 146 11,828
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UTILITY CONNECTIONS 27 147 12,181
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