The story was reported Wednesday morning by Leeham News and Comment. Leeham also said that FedEx could order up to 10 777Fs in addition to the 767s. At a list price of $318.7 million per copy, the 777F order could ring up as much as another $3.2 billion for Boeing.
FedEx operates 25 of Boeing’s 777-200s and has 9 more 777Fs on order. It could be that Boeing is making the package delivery firm an offer that is too good to refuse.
ALSO READ: Boeing on Track for Record Annual Deliveries
FedEx has a total fleet of 378 planes, of which 88 are Airbus A300s and A310s and most of the rest are Boeing jets. FedEx continues to operate 105 McDonnell-Douglas DC-10s and MD-11s and 102 Boeing 757-200s, all of which are long out of production. The company currently includes 23 767-300s in its fleet and has another 37 on order, according to Planespotters.net.
Boeing’s order book for the 767 includes 35 unfilled orders for the 767-300F and four for the 767-2C, the base on which the company is building is KC-46A tanker plane for the U.S. Air Force.
While the 767 freighter costs almost $120 million less than a 777 freighter version and would not contribute as much to Boeing’s revenues, an order for 50 is an awfully good start to keeping the company’s overall production rate up as Boeing tries to sell more 777s to fill production slots before the 777X is due for first delivery to customers in 2020.
According to Leeham, FedEx’s board of directors is meeting later this month in Seattle. The inference we draw is that a go-no-go decision on the Boeing order will be made then. If the company decides to place the order, we will hear about it everywhere. If FedEx chooses to pass, we may never know for sure whether there was ever any chance for a sale at all.
ALSO READ: Airbus Files Patent Application for Flying Colossus
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.