FedEx Drops A380 Order, Buys Boeing 777s

FedEx Corp. canceled its order for 10 Airbus A380 jets on Tuesday, the first customer to retract an order for the new jumbo double-decker plane that has been dogged by numerous delays.


Boeing launched the cargo version of the long-range, twin-engine 777 in mid-2005, after winning an order from Air France.

Shares in EADS fell 3 percent Tuesday to euro20.66 ($26.26) in Paris. FedEx shares rose 68 cents to $114.62 in afternoon trading on the New York Stock Exchange, where Boeing shares gained $2.73, or 3.4 percent, to $83.21.

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AP Business Writers Allison Linn in Seattle and Woody Baird in Memphis contributed to this report.

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On the Net:

FedEx Corp. http://www.fedex.com


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