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2003 Press Releases

August 15, 2003

FedEx Express Launches Service in Iraq

FedEx offers first door-to-door pick up and delivery service for shipments in Baghdad, Basra and Mosul

HONG KONG, August 15, 2003 - FedEx Express (FedEx), the world's largest express transportation company, today announced the addition of Iraq to its global network. FedEx is the first to offer door-to-door pick up and delivery for shipments in and out of the cities of Baghdad, Basra and Mosul.

The Company's role as one of the world's leading drivers of international trade and growth will be a significant asset to Iraq and its business community as the country works towards rebuilding its infrastructure and economy. Access to the FedEx international network also helps facilitate the transportation of humanitarian aid into the country, including working with Water Missions International and International Aid.

"Iraq has the potential to be one of the fastest growing economies and will require integrated end-to-end transportation solutions said Mr. David L. Cunningham Jr., President of FedEx Asia Pacific. "There is no question that the country faces a tough business climate, but nothing that can¡¦t be overcome by ensuring connectivity with other markets around the globe."

FedEx services in Iraq will be operated by Global Service Participant (GSP) Falcon Express Inc. They have a great deal of experience operating in the Middle East and currently provide delivery services for FedEx Express in Jordan, Lebanon, Qatar, Syria and Yemen. President of Falcon Express Inc., Mazen Mamlouk, said, "The relationship we have formed with FedEx Express to operate in Iraq will ensure that customers in the region will benefit from reliable, time-definite deliveries. We are pleased to contribute towards rebuilding the country."

About FedEx Express
FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), connects areas that generate 90% of the world's gross domestic product in one to three business days door-to-door, customs-cleared service. The company's unmatched air route authorities and infrastructure make it the world's largest express transportation company, providing fast, reliable and time-definite transportation of more than 3.1 million items to 215 countries each working day. FedEx employs approximately 134,000 employees and has more than 48,000 drop-off locations, 643 aircraft and more than 43,000 vehicles in its integrated global network.

About Falcon Express Inc.
Falcon Express Inc. is a part of Falcon Aviation Group, which includes Falcon Express Cargo Airlines and Falcon Aviation services. Falcon Express Inc. is a privately held British Virgin Islands company with interests in providing logistics solutions including air, sea and land freight, warehousing and supply chain management. As a supplier of integrated shipping services in the Middle East, Falcon Express Inc. has been associated with FedEx for over ten years, providing FedEx services in Jordan, Lebanon, Qatar, Syria and Yemen.

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