FedEx eyes freighter purchase as e-commerce soars

A FedEx Categorical logo is seen on an plane at Paris Charles de Gaulle airport in Roissy-en-France through the outbreak of the coronavirus condition (COVID-19) in France Might 25, 2020. Image taken May well 25, 2020. REUTERS/Charles Platiau

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SEATTLE/PARIS, Feb 8 (Reuters) – FedEx Corp (FDX.N) is in talks with Boeing (BA.N) and Airbus (AIR.PA) to buy up coming-technology freighters as e-commerce soars, but the delivery large has postponed a acquiring decision amid ongoing labor talks with pilots, sector resources claimed.

The world’s most significant cargo airline is the newest flashpoint for competitiveness right after Boeing very last week introduced a freighter version of its 777X to compete with a new Airbus A350 freighter.

Air cargo desire has been stoked by on the web procuring, provide chain disruptions and a fall in passenger flights – which frequently also have cargo in their holds.

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“Cargo is the only component of the jetliner marketplace that has totally recovered, and is even now increasing,” AeroDynamic Advisory analyst Richard Aboulafia claimed. “Offered a extremely frustrated twin aisle industry, cargo widebody orders are the only ray of hope.”

At just one stage FedEx experienced emerged as a attainable launch consumer for the 777X, joining Qatar Airways at a White Home signing ceremony, but a final decision is not now expected ahead of the summertime.

FedEx is locked in talks around pay and retirement with pilots who argue they aided produce file income and maintain the financial system during the pandemic – conversations that could be strained by an immediate massive-ticket investment, two of the people today claimed.

“Aircraft acquisitions are strategic company decisions and we have deferred any new commitments as we appraise and prioritize potential

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