FedEx Corp. will replace its Boeing 727-200 aircraft with 757-200s in the coming decade via a $2.6-billion purchase-and-modification program. The company expects to bring the new aircraft into service in 2008-16, "contingent upon identification and purchase of suitable 757 aircraft." FedEx had a fleet of 94 727-200s as of May 31--84 owned and 10 leased. It is to acquire 90 757s. Program costs for its fiscal 2007 ending May 31 will fit in the $3-billion capital expenses allocation. The ...

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