FedEx Express has announced a series of investments at its Paris-Charles de Gaulle hub as well as in several French cities for a total amount of €30m.
FedEx will invest €20m at the FedEx European hub at Paris-Charles-de-Gaulle airport during the fiscal years 2020 to 2022 for a new facility dedicated to heavy freight shipments and ramp equipment. A further €10m will be invested during fiscal years 2020 and 2021 to modernise facilities and equipment across the country, within particular new stations near Toulouse and upgraded parcel sorting systems in Lille and Valence.
“We chose France to host our European hub, the largest FedEx air hub outside the United States, and we have continued to invest in our French operations. We have also designed our capacity and network across the country to meet the needs of our customers shipping in France and around the world,” said Rajesh Subramaniam, President and Chief Operating Officer of FedEx Corp.
The extension of its European hub located at Paris-Charles de Gaulle airport announced in 2016 will be operational this in May 2020.
FedEx also has a long-standing relationship with ATR to provide aircraft. As part of the company’s fleet modernisation strategy, in 2017 FedEx completed an agreement with Franco-Italian company ATR to purchase 30 ATR 72-600F aircraft with options to purchase up to 20 additional ATR 72-600Fs. Delivery of the first aircraft, assembled in Toulouse, is expected in 2020.
Source: FedEx Express
