FedEx reneges on Swissair MD-11 buy Deal frozen as US parcel carrier moves to cut capacity
MAX KINGSLEY-JONES / LONDON
FedEx Express has U-turned on an agreement to purchase Swissair’s entire Boeing MD-11 fleet as part of efforts to rein-in capacity growth.
The US express parcel operator agreed in 1998 to acquire Swissair’s 15 Pratt Whitney PW4000-powered MD-11s, as well as four LTU aircraft that the Swiss carrier was […]