FedEx said on Tuesday, June 24 that it is permanently retiring 12 aircraft and also taking a $21 million impairment charge during the fourth quarter. These actions are part of their effort to streamline their network “in line with anticipated demand and modernize the fleet,” the company said.
The Memphis, Tennessee-based groundbreaking logistics company said the aircraft it removed are seven Airbus A300-600 aircraft, three large MD-11 tri-engine freighters and two Boeing 757-200 (large narrowbody) freighter aircraft from the fleet. It also let go of eight engines. During the fourth quarter of last year, FedEx decommissioned 22 Boeing 757 cargo jets.