Thursday, March 3, 2011

FedEx Sets $10 Million Price Floor for Boeing 757 Planes: Freight Markets

FedEx Corp. (FDX) is propping up the value of used Boeing Co. (BA) 757 jets by buying the twin-engine planes to replace some of its oldest, least-efficient freighters.

The operator of the world’s largest cargo airline will add 18 more 757s by May 2012 to the......

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