FedEx to delay Boeing deliveries
Times Wire Reports
FedEx Corp., after reporting its biggest drop in U.S. air shipments in seven years Thursday because of the recession, said it delayed taking delivery of some Boeing Co. 777 planes by as long as 17 months.
The revised schedule will defer commitments of $275 million from 2009 to future periods, Memphis, Tenn.-based FedEx said in a regulatory filing. The nation’s No.2 package delivery firm is the largest customer for Boeing’s new model.
