FedEx to buy 90 Boeing 757-200

[TrapAv8r]

http://www.streetinsider.com/Corpor...eing+757's+(BA)+for+$2.6+Billion/1208218.html

I thought this would have already hit the streets, but it looks like the 757 will be the 727 replacement. I really thought we would have heard it through our own website first. I have also heard rumors that they may base them in Indy. Anybody have any insight???

Corporate NewsSponsored by: FedEx (FDX) Approves Purchase of Approximately 90 Boeing 757's (BA) for $2.6 Billion
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FedEx (NYSE: FDX) also announced a $2.6 billion, multi-year program to acquire and modify nearly 90 Boeing 757-200 (NYSE: BA) aircraft to replace FedEx Express's narrow-body fleet of Boeing 727-200 aircraft. Subject to identification of suitable 757 aircraft to purchase and the successful negotiation of agreements to purchase such aircraft, FedEx Express expects to bring the new aircraft into service during the eight-year period between calendar year 2008 and 2016.

The program is expected to have very positive financial benefits upon completion and although startup costs will be incurred, they will not materially affect earnings. The capital impact of the program on the current fiscal year was included in the company's recent first quarter earnings release. The total FedEx capital spending forecast for fiscal 2007 remains at $3.0 billion.
Stocks Mentioned BA: $77.71
Change ($): 0.46
Change (%): 0.60

 

[TrapAv8r]

Sorry, I didn't see the earlier post on the same subject. Still interested if anyone has heard if they will be based in Indy.

 

[UALjan15]

That's a lot of aircraft to scrape up from outside sources. Any ideas where they would get any of these?

 

[PHXFLYR]

That's a lot of aircraft to scrape up from outside sources. Any ideas where they would get any of these?

I was wondering the same thing

PHXFLYR