Seattle - Boeing and FedEx Express have announced a new order for twelve 767F and twelve 777F. The world's largest air cargo carrier is continuing to invest in the industry's best-performing cargo aircraft to better serve its customers.

The order is valued at $ 6.6 billion at list prices and will appear in the listings of the American aircraft manufacturer as soon as the details of the order have been settled.

We are taking another positive step in our fleet modernization program by adding more efficient aircraft to our global fleet,
said David L. Cunningham, FedEx Express President & CEO, in a statement.

The Boeing 767 and 777 Freighters have brought greater efficiency and reliability to our air operations, and the 777F, with its huge range, has enabled us to provide faster transit times around the world,
he added.

FedEx Express is the largest operator of the 767F and the 777F. FedEx is also a customer of Boeing's Global Services business. The 767F, based on the 767-300ER, can carry approximately 98,098.09 lbs of cargo, making it a flexible platform to serve long-haul or regional markets.

The 777F is the world's longest-range twin-engine freighter. It can fly 4900 nm (9070 kilometers) with a payload of 230,000 lbs and allows FedEx to connect Asia from its hub in Memphis, United States. The 777F also uses Boeing 18% less fuel compared to the aircraft it replaces and offers quieter take-offs and landings that meet the noise standards of the airports.

The order comes as the air cargo industry continues to strengthen. The demand for freighter aircraft has increased by almost 10% in a year. Global air cargo is expected to grow by 4% to 5% this year.

Air cargo carriers are adding capacity to meet demand, either by converting passenger planes into cargo or by ordering new cargo planes, says the US manufacturer.

With the latest FedEx Express order, Boeing has already sold more than 50 large-body cargo aircraft in 2018.

We are honored that FedEx has once again placed its trust in the 767 and 777. This renewed order is a big vote of confidence for Boeing's market-leading cargo family and the long-term prospects for air cargo,
said Kevin McAllister, CEO of Boeing Commercial Airplanes.