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FedEx Express has agreed to purchase 15 United Airlines Boeing 757s which it will convert into freighters.
It has also taken options on a further 16 examples, with deliveries expected to take place between 2013 and 2015.
FedEx has been adding a number of 757s to its fleet since 2008 as it gradually replaces its ageing Boeing 727-200 freighters. Its existing 757s have come secondhand from a variety of sources, including US Airways, Monarch Airlines, and Thomson Airways.
United will continue to operate a sizeable fleet of Boeing 757s despite this deal.