FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX), has entered into a purchase agreement with Textron Aviation, Inc., a Textron Inc. (NYSE: TXT) company, that will continue the modernization of the company´s fleet of feeder aircraft, the company said.
FedEx Express has agreed to purchase 50 clean-sheet design Cessna SkyCourier 408 aircraft, with options to purchase up to 50 additional aircraft. Delivery of the first aircraft is expected in mid-2020, with subsequent deliveries on a schedule of one aircraft per month over a four-year period.
The Cessna SkyCourier 408 will be assembled by Textron Aviation in Wichita, Kansas. The twin-engine, high-wing turboprop has almost twice the volumetric capacity of the single engine Cessna Caravan 208 currently in the FedEx Express feeder fleet. Unlike FedEx´s current feeder aircraft, the aircraft has a large 87″ x 69″ cargo door, which will support container and pallet operations. The large cargo doors will help FedEx to provide even faster service to air freight customers who ship to or from smaller markets in its network.
FedEx Express is the world´s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of USD 61 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world´s most admired and trusted employers, FedEx inspires its more than 400,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities.