The pro-growth incentives in the law made fiscal year 2019 the optimum time to make these purchases and retire more of our less efficient aircraft. The annual report pointed to new legislation introduced in 2017, as one of the main drivers which enabled its recent fleet modernisation: “The expensing provision of the Tax Cuts and Jobs Act signed in December 2017 encouraged FedEx to order additional Boeing 777F and 767F aircraft. The MD-10s are the company’s oldest aircraft by more than a decade with the average age of the fleet standing at 40.2 years, while a couple of examples were manufactured nearly half a century ago. This coming financial year – which starts in June – FedEx will phase out three jets, while during 2022 the remaining ten examples will be phased out. In its 163-page annual report, the firm detailed that its 17 remaining trijets would exit the fleet over the course of the next two years before June 2023. Global logistics company FedEx, says it plans to retire its final McDonnell Douglas MD-10s by the end of its 2022 financial year, as it continues to modernise its fleet. The Memphis-based cargo giant retired its final A310 last year and has now turned its attention to the classic trijet