FedEx Plans $2.6-billion 757-for-727 Upgrade

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...

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