Air Transport World

FedEx.(CARGO)

FedEx plans to launch next-business-day domestic express service in China from May 28, with Okay Airways operating an air cargo network using 737 freighters in support. China's first privately held airline, Okay launched in 2005 as a low-cost carrier.

FedEx reported net income of $420 million for its fiscal third quarter ended Feb. 28, down 2% from $428 million earned in the year-ago quarter, on a 7% rise in revenue to $8. …

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