Jan. 16 2011 09:55 PM

FedEx purchases four aircraft from struggling Transmile


    Post&Parcel--Malaysian-based cargo carrier Transmile Group has agreed to sell four MD-11F aircraft to FedEx in order to reduce growing debt.

    The freighter aircrafts, which have been idle since 2008, will cost FedEx $68m (RM208.8m).

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