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FedEx Archives: 2002 Press Releases

( BW)(TN-FEDEX)(FDX) FedEx Express and Airbus Sign A380-800F Agreement

Business Editors

MEMPHIS, Tenn.--(BUSINESS WIRE)--July 15, 2002--Officials from Federal Express Corp., a subsidiary of FedEx Corp. (NYSE: FDX), and Airbus Industrie have signed a definitive purchase agreement for FedEx Express to acquire the A380-800F, the new high-capacity, long-range aircraft.

FedEx Express will take delivery of ten of the aircraft, three each in 2008-2010 and one aircraft in 2011. FedEx Express also holds options from Airbus for ten additional A380 aircraft. Other terms of the agreement were not disclosed.

The companies will discuss the agreement in further detail at a ground-breaking ceremony on Tuesday at Airbus headquarters in Toulouse, France.

With annual revenues of $21 billion, FedEx Corp. is the premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small-package ground delivery service; FedEx Freight, the largest U.S. provider of regional less-than-truckload freight services; FedEx Custom Critical, the world's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs clearance, international freight forwarding and trade facilitation.

Certain statements made in this press release may be considered forward-looking statements, such as statements relating to management's views with respect to future events and financial performance. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the performance characteristics and reliability achieved by the aircraft acquired by the company, economic and competitive conditions in the markets we serve, matching capacity to volume levels and other factors which can be found in FedEx Corporation's, and its subsidiaries' press releases and filings with the SEC.

Editors Note: Further information including an A380 fact sheet and graphics are available at www.fedex.com

    --30--KH/na

    CONTACT: FedEx Express
             Ed Coleman, 901/434-7784 or 901/508-2099
             eacoleman@fedex.com
             or
             FedEx Corporation
             Greg Rossiter, 901/818-7303 or 901/553-4178
             gmrossiter@fedex.com

    KEYWORD: TENNESSEE FRANCE INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: AIRLINES TRANSPORTATION MARKETING AGREEMENTS
    SOURCE: FedEx