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2002 Press Releases
HONG KONG - December 5, 2002 - On December 3, 2002, FedEx Express (FedEx), the world's largest express transportation company, began utilizing the first of six recently awarded interim frequencies that allows FedEx to carry local traffic on key flights within the Asia Pacific region. The six interim frequencies, which strengthen the company's competitive stance in that fast-growing region, mean that FedEx can offer additional direct service on flights between Hong Kong and other Asian markets with minimal start up costs.
FedEx is using two of the interim frequencies on Seoul, Korea to Hong Kong flights. Two other frequencies are in use on Manila to Hong Kong flights. One frequency will be applied to an existing flight between the FedEx Asia Pacific Hub in Subic Bay, the Philippines, and Hong Kong, beginning December 8, 2002. The remaining frequency will be used to initiate a new round-trip flight between Hong Kong and Subic Bay, effective December 8.
"Due to our extensive operations in the Asia Pacific region, FedEx Express was able to take immediate advantage of the additional frequencies, providing greater market connectivity for our customers," said David L. Cunningham, Jr., President of FedEx Asia Pacific. "The new frequencies also help FedEx Express make more efficient use of our existing assets in the region."
The Department of Transportation (DOT) moved quickly to award the interim authority so that US carriers can take immediate advantage of these new opportunities while it decides on how to allocate those rights. The interim rights will remain in effect until 90 days after the DOT awards the permanent rights.
Last month, FedEx Express submitted an application to the DOT for a number of permanent fifth-freedom frequencies, which will allow FedEx Express to offer greater access to Asia from the U.S. and Europe as well as within the Asia-Pacific region.
FedEx expanded its presence in Asia when the company opened a hub in Subic Bay, the Philippines in 1995. The FedEx AsiaOne® network, which offers direct service into, out of and within 19 markets the Asia Pacific region, was launched in September 1995.
The Asia Pacific region was the company's fastest-growing international market during the first quarter of this fiscal year and Greater China is an important part of FedEx's growth in the division. FedEx entered the Chinese marketplace in 1984 and has demonstrated its commitment to working with government authorities to help bring world-class express transportation to the region. FedEx operates 160 flights per month into and out of Hong Kong.
FedEx Express, a subsidiary of FedEx Corp., connects areas that generate 90% of the world's gross domestic product in 24-48 hours with door-to-door and 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 211 countries each working day. FedEx employs approximately 143,500 employees and has more than 45,800 drop-off locations, 640 aircraft and more than 45,000 vehicles in its integrated global network.
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