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FedEx to Donate Boeing 727 Aircraft to Pittsburgh Institute of Aeronautics

FedEx Donates Boeing 727 Aircraft to Pittsburgh Institute of Aeronautics

PITTSBURGH, May 31, 2007—FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has donated a Boeing 727-100 freighter to Pittsburgh Institute of Aeronautics, where it will be used to provide hands-on educational experiences for Aviation Maintenance Technology students.

Using this aircraft, these Aviation Maintenance Technology students will obtain training and gain experience with complex aircraft systems, engines and structures, which will benefit students tremendously.

“The ability to supplement our students advanced aircraft hands-on training with this type of aircraft is a dream come true,” says John Graham, president of PIA. “We are fortunate that FedEx is giving this opportunity to our students, allowing them to work on an aircraft they will encounter after graduation”.

Before its final flight, aircraft 727-100C N189FE provided FedEx with more than 18 years of service, transporting packages to destinations throughout the United States.

“FedEx is committed to the communities we serve and in which our employees live and work,” said David P. Sutton, managing director, Aircraft Acquisitions and Sales at FedEx Express. “The donation of the 727 is just one example of the many ways FedEx supports educational endeavors.”

About FedEx
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $35 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 275,000 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 www.fedex.com.

About PIA
PIA has been offering quality training in aircraft maintenance and airframe technology since 1929. It is one of the oldest technical schools in the country specializing in the training of Aviation Maintenance Technicians. Over 33,000 graduates have been placed in aviation related careers with major national corporations. PIA’s main campus in located in West Mifflin, PA at the Allegheny County Airport. For more information on our campuses and programs please visit www.pia.edu.

May 30, 2007

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