End of an Era as FedEx Express Retires Last B727
Farewell Celebration Marks End of Venerable Aircraft; Fleet Modernization Adds More Energy-Efficient, Lower-Emission Planes
MEMPHIS, Tenn.--(BUSINESS WIRE)-- For 35 years, Boeing 727 aircraft were a reliable workhorse for the world's largest express transportation company. Today, the venerable 727 narrow-body freighter closes an enduring chapter in aviation history as FedEx becomes the last major carrier to retire the aircraft from service. The retirement is part of the company's aircraft modernization strategy.
The 727's domestic mission will conclude at 1:30 p.m. CDT as FedEx aircraft N481FE touches down at the FedEx Express World Hub at Memphis International Airport. Greeting its arrival will be more than 1,000 company executives, air operations team members and other guests who will mark the airplane's historic last flight with a special ceremony.
A departure ceremony at the FedEx hub in Indianapolis, which has served as the company's primary base for 727 general maintenance checks, begins the historic farewell flight.
"For more than three decades, our Boeing 727 fleet was instrumental in our company's domestic growth," said David J. Bronczek, president and chief executive officer, FedEx Express. "Today, we are opening a new chapter for company growth and opportunity as we continue to modernize our global fleet with more technologically advanced, fuel efficient, lower emission cargo jets."
History of the 727 at FedEx
Introduction of this larger, mid-size jet freighter to the FedEx fleet was made possible by deregulation of the airline industry in 1977, giving the upstart express carrier access to more domestic markets and bringing immediate operational efficiencies because of greater payload capabilities. FedEx operated only small Dassault Falcons before the industry was deregulated. An exemption then allowed a company to enter the common carrier business if its payloads were less than 7,500 pounds.
It was Jan. 14, 1978 when then-Federal Express took delivery in Memphis of its first 727 aircraft, which was purchased from a passenger airline. On that day, Frederick W. Smith, chairman, president and chief executive officer, FedEx Corp., told several hundred employees and guests at the delivery event, "Many people look at this airplane and believe that Federal Express has arrived at the end of a long road. This is not the end of anything. It is simply the beginning."
Early FedEx acquisitions of used 727s from other carriers were followed by new aircraft purchases from Boeing, with the last 727 leaving the manufacturer's assembly line and being delivered to FedEx in 1984. The express carrier at one point was the world's largest operator of 727s, with 170 of the aircraft in its fleet at any one time.
Modernization of the FedEx Fleet
FedEx began retiring its 727-200 fleet in 2007 and replacing them with more modern Boeing 757 airplanes. The retirement cycle accelerated under the fleet modernization program that through the last several years included more 757 freighters, as well as new Boeing 777 long-range freighters, which are the biggest in the FedEx fleet and the world's largest twin-engine cargo aircraft. This fall, FedEx begins taking delivery of new Boeing 767 aircraft to replace its aging MD-10 freighters.
As with the other aircraft types being introduced, the 767s will provide significantly improved reliability and are substantially more fuel-efficient and environmentally friendly than the aircraft they will replace. FedEx is committed to reducing its aircraft carbon emissions 30 percent by the year 2020 under its fleet modernization program. It expects to source at least 30 percent of its jet fuel from alternative fuels by the year 2030.
"As we celebrate our company's 40th anniversary, we can look back at an aircraft bloodline that has been impressive," Bronczek said. "From the small Falcons, which served us well when the company was young, to our 727s, to what is now the largest fleet of express cargo aircraft in the world, our transportation capabilities for global customers is unmatched in the industry. Equally impressive are the innovation, technology and environmental benefits of the new aircraft we are adding."
Continuation of Service
Not only are FedEx 727s being retired, but nearly half of the fleet has been donated coast-to-coast to aviation schools, colleges and local communities in the last several years.
From Anchorage to Austin, from Billings to Buffalo, from Sioux City to Shreveport and many points between, FedEx aircraft donations support school curriculums that are developing the next generation of aviation professionals. The donated aircraft are also being used for training by emergency response teams at local airports and fire departments.
For FedEx pilots like Capt. Chip Groner, who piloted a 727 for about 10 years, closing the door on 727 operations is a turning point not only for FedEx but for the aviation industry.
"The 727 was a mainstay aircraft and one of the most dependable we ever had in our fleet. More importantly, it was the plane that really put FedEx on the map as an overnight express carrier," the 35-year FedEx crew member said. "It's the end of an era, but it's only natural because of changing technology that improves the fuel and operational efficiencies of today's new aircraft. The 727, for many pilots, will always be the airplane that really brought the airline industry into the jet age."
About FedEx Express
FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air and ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.
About FedEx Corp.
FedEx Corp. (NYS: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $44 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.
Jim McCluskey, 901-434-7764
KEYWORDS: United States North America Tennessee
The article End of an Era as FedEx Express Retires Last B727 originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.