Air France (Paris) has signed a letter of intent to sell two new Boeing 777F freighters to FedEx Corporation (Memphis), a spokesman for Air France told Dow Jones Newswires. The new 777Fs have not yet been delivered to AF and the sale will not affect the current 777F fleet.
He declined to give a price for the aircraft. The aircraft's list price is between $252.5 million and $260.5 million.
Air France has moved to cut down on its cargo capacity in reaction to the economic downturn, which has led to a slump in business. The airline aims to bring the cargo division to break-even levels in the fiscal year 2011-2012http://www.nasdaq.com/aspx/stock-market ... t-to-fedex