FedEx
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News
FedEx Expects MD-11 Freighters to Return to Service in Spring, Bracing for $175 Million Cost Impact
FedEx expects MD-11 freighter operations to resume in the spring after a temporary grounding that reduced peak-season air cargo capacity and increased costs. CFO John Dietrich said the company now anticipates $175 million in additional expenses to offset lost capacity and maintain service levels. The MD-11 fleet was removed from service following a fatal UPS accident on 8 November, after…
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Airlines
FedEx Obtains Foreign Air Carrier License in Saudi Arabia
FedEx has received an economic license from the General Authority of Civil Aviation (GACA) in Saudi Arabia to operate as a foreign air carrier. This move is seen as a significant development that strengthens Riyadh’s goals of becoming a global logistics hub under Vision 2030. New Office Opening in RiyadhThe license announcement was made during the opening ceremony of FedEx…
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