Asia Pacific (English)

Central Japan International Airport Opens; FedEx Flight Is First Cargo Aircraft To Arrive

TOKYO, Feb. 17, 2005--FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), the world’s largest express transportation company, today begins operating regular flights into the Central Japan International Airport.

“The start of FedEx Express service to Central Japan International Airport offers new opportunities for the surrounding Chubu region as well as for FedEx,” said David J. Ross, vice president, North Pacific Region. “Chubu is a major manufacturing center offering significant import/export opportunities, and the FedEx network will link these manufacturers to markets across the globe. We also expect to expand our flight schedule in order to meet the future needs of the Chubu region.”

A FedEx Express MD-11, flying to Central Japan International Airport from San Francisco via Narita, is scheduled to be the first cargo flight to land at the airport. The same aircraft is scheduled to depart at 7:30 p.m. for Anchorage via Narita, with the first load of cargo to be shipped out. FedEx will operate five regular flights per week into Central Japan International Airport, linking the Chubu region to the world.

FedEx is currently strengthening its operation in Asian markets, including Japan. FedEx will use its integrated network, comprising air and ground as well as IT infrastructure to provide customers with expanded and more flexible services that link the Central Japan International Airport with 220 countries and territories worldwide.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $27 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 250,000 employees and contractors to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit fedex.com.

About FedEx Express

FedEx Express, a subsidiary of FedEx Corp., connects areas that generate 90% of the world’s gross domestic product in one to three business days with door-to-door, customs-cleared service and a money-back guarantee. 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 approximately 3.2 million packages to 220 countries and territories each working day. FedEx Express employs more than 137,000 employees and has approximately 50,000 drop-off locations, 663 aircraft and more than 41,000 motorized vehicles in its integrated global network.