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September 14, 2001

FedEx Express Returning to Near Normal Air Operations

Intercontinental Flights Resume from Asia and Europe to and from the United States

September 14, 2001, Hong Kong, -- FedEx Express (FedEx), the world's largest air express company, has been approved to resume intercontinental flights from Asia and Europe to and from the United States.

According to David L. Cunningham Jr., President Asia Pacific, FedEx Express, three FedEx flights originating in Asia were launched to the U.S. last night and seven inbound flights, six of which originated from the U.S., have arrived or are currently enroute to Asia. The other inbound flight to Asia originated at Charles DeGaulle International (CDG) airport in Paris as part of FedEx's EuroOne Network Service. By the end of today, we will have launched 17 MD-11s to the United States, carrying an estimated 2.5 million pounds of shipments.

"By all accounts, last night's flights ran very smoothly, with many of our 640 aircraft returning to the sky," said Cunningham. "We, like our colleagues in the United States, Europe and Latin America will be working around the clock to get back up to full speed. We have been working with the authorities across the globe to ensure resumption of service".

Starting today FedEx will return to its normal schedule of seven daily transpacific flights to the United States. In addition, as part of its unparalleled AsiaOne and EuroOne networks, all intra-Asia and Asia to Europe flights will continue.

Security has been increased around the world, and the company is in full compliance with the new security guidelines issued by the U.S. federal government.

"As we resume operating our air network, the safety of our employees and customers and security of their shipments remain our top priority," said Mr. Cunningham. "We welcome these new security guidelines, policies and procedures.

We are continuing "to keep our customers and employees around the Asia Pacific updated frequently and consistently through our corporate Web site, and our couriers, customer service and sales force," said Cunningham "Our employees are committed to providing the best service possible to our customers," he added.

FedEx has been providing significant support for emergency relief efforts, both financially, and with "in-kind" shipping services.

Employees have arranged and are participating in blood donations at FedEx facilities across U.S. and in other locations and are making substantial pledges to the American Red Cross and the United Way of America National Response Fund.

The FedEx Money Back Guarantee remains suspended, but the company looks forward to reinstating it soon.

FedEx, a $15 billion subsidiary of FedEx Corp., connects areas that generate 90 percent of the world's gross domestic product in 24-48 hours with 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 3.3 million items to 210 countries each working day. FedEx employs approximately 149,000 employees and has more than 46,000 drop-off locations, 640 aircraft and 49,000 vehicles in its integrated global network.

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