ATR gets US boost as FedEx seals deal for 50 turboprops - No Q400
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By Robert Wall - Nov. 8, 2017 6:07 a.m. ET
FedEx Corp. is renewing part of its fleet of smaller cargo planes in a deal valued at $1.3 billion at list price, amid an improved outlook for the global airfreight market.
FedEx will buy up to 50 turboprop planes from European aircraft maker ATR—a joint venture between Airbus SE, the world's No. 2 plane maker behind Boeing Co., and Italy's Leonardo SpA—the Toulouse, France-based plane maker said Wednesday. The deal comprises a firm order for 30 planes and options for 20 more, and ...