FedEx said this week it will invest $2.6 billion to acquire and modify up to 90 757-200s to replace its 727-200 freighters. The FedEx Express airline unit is expected to bring the new aircraft into service from 2008 to 2016. "Compared to the 727 aircraft, the 757 has a 20% greater payload capacity and has an approximately 25% lower operating cost per pound," FedEx said in a statement. "Replacing the older 727 aircraft with the more fuel efficient and quieter 757 aircraft will have the effect ...

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