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Fun Fact: They don't technically own their planes, since it would have made them an nice target for a hostile takeover if someone wanted them
by scottyah 4y ago
Fun Fact: They don't technically own their planes, since it would have made them an nice target for a hostile takeover if someone wanted them
- Jabbles 4y agoPlease elaborate.
- kragen 4y agoOh really. They lease their fleet of planes? I had no idea!
- nightpool 4y agoThis seems... incorrect? http://www.fedex.com/us/about/overview/companies/express/Express.pdf http://www.fedex.com/us/about/overview/companies/express/Exp... indicates that they own 696 aircraft, and https://www.reuters.com/article/us-airline-fedex-orders/fedex-orders-50-boeing-freighters-in-deal-worth-9-97-billion-at-list-prices-idINKCN0PW04920150722 https://www.reuters.com/article/us-airline-fedex-orders/fede... says that they just bought 50 more in 2015. No mentions of a lease agreement here. In fact, according to Wikipedia, for smaller aircraft FedEx operates a dry lease business where they lease their fleet out to contractors to deliver certain routes: In the United States (along with Morningstar Air Express in Canada), FedEx Express operates FedEx Feeder (and for Morningstar, mainline FedEx service) on a dry lease program where the contractor will lease the aircraft from the FedEx fleet and provide a crew to operate the aircraft solely for FedEx